We all know that commercial lending is a different ball game. The success of a commercial real estate transaction is often buried in the details. Mortgage solutions that work for multi-family properties might not be appropriate for retail spaces, and the loan that makes the most sense for a retail space might not jive with an industrial real estate investor’s goals.
Do you see the dilemma? At Velocity Commercial Funding, this isn’t a dilemma for us. It is a challenge that we intend to conquer for our clients. Today we’ll discuss how we can help you navigate a specific type of commercial real estate: a five-unit investor-owned strip mall.
Is Purchasing a Strip Mall a Good Idea?
Here’s the short answer: maybe. That’s the beauty of what we do. When seeking a commercial loan from Velocity Commercial Funding, each client receives a personalized approach. So investing in a five-unit investor-owned strip mall might be the best or worst idea in the world, depending on your current finances, future goals and other factors that we’ll help you sort out.
Benefits of Purchasing a Strip Mall
Are you thinking about purchasing a five-unit investor-owned strip mall? We don’t want to make your decision for you, but we would like to share some of the benefits of owning this type of property:
- Strip mall owners effortlessly diversify their real estate portfolios.
Your strip mall might include a food service establishment, local boutique, bank and/or other businesses. Even if one of these industries takes a downturn, the other tenants will still be profitable.
- People love to shop locally.
As we witness firsthand what online shopping is doing to mom-and-pop shops, buying local is becoming more popular. At the moment, carefully curated strip malls have the potential to do well in our economy.
- Strip mall tenants provide a steady income stream.
If your tenants meet local needs, you’ll enjoy continuous income to expand your commercial real estate horizons.
How Velocity Commercial Funding Can Help
Our clients are as diverse as the properties that they want to purchase. That’s why we specialize in loans that offer solutions to the toughest barriers that borrowers face. Depending on your situation, you might be eligible for our:
- Bank Statement Program.
- Stated Income Loans.
- Foreign Nationals Program.
- Hard Money Lending Programs.
If you are interested in adding a strip mall or another commercial property to your portfolio, contact Velocity Commercial Funding today to get started!
Call us today at (800) 984-6830 or email us here to get more information.