Finance With Confidence,
Grow With Family First
Commercial Properties
Investment Properties
Business Loans
Flexible financing solutions for your business
Welcome to Family First Funding - Commercial Capital, where your business financing needs are met with personalized solutions and expert guidance.
Exceptional solutions, no matter the size of your loan
Specializing in commercial real estate loans, we offer competitive terms and rates designed to suit the unique needs of your business. From purchasing and renovating to refinancing commercial properties, our team is committed to providing you with exceptional service and streamlined loan processes, leveraging technology for efficient document exchange and scenario reviews. Experience the difference with Family First, where your business goals become our priority.
STEPS TO SUCCESS
- Loan Inquiry:
Start your journey with a simple submission of your loan scenario, either through our online form or direct contact. A dedicated Commercial Loan Officer will reach out to understand your needs and guide you forward.
- Application and Review:
Receive a custom-tailored application for your specific loan scenario. Our swift review process aims for rapid approval, moving your project closer to realization.
- Underwriting:
Collaborate with us to compile your Commercial Loan Package, which our underwriting team will meticulously evaluate, ensuring all necessary documents and insurances are in place for a smooth transition to the final stages.
- Clear to Close:
Congratulations are in order as you reach the final step. Our team finalizes all conditions, setting the stage for a successful closing and the realization of your business goals.
Beyond Financing: Your Partner in Commercial Prosperity
BUSINESS LENDING
1HOW MUCH CAN I QUALIFY FOR?
The amount you qualify for will be based on how much cash you have for a down payment. The minimum down payment requirement is 20% for existing businesses or franchises and around 30% for most start-ups. Also, the SBA will require cash reserves for 3-6 months
2HOW LONG WILL FUNDING TAKE?
Most start-ups take between 90-120 days and for existing businesses it will take around 90 days,
3COLLATERAL REQUIREMENTS:
Although the federal government does back this loan, we will require the loan to be underwritten and approved as if it was not backed. In many instances you will be required to secure this loan using personal collateral.
4DO I NEED A BUSINESS PLAN?
Yes, a business plan is one of the requirements.
FIX-N-FLIP
1MONEY DISTRIBUTIONS:
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2WHO NEEDS THE LINE OF CREDIT?
The line of credit is best utilized for people who are operating mulitple jobs or individuals who are in the business of flipping homes.
3CAN I PURCHASE A PROPERTY WITH THE LINE OF CREDIT?
Yes, you are allowed to use the line of credit to purchase properties. However, you will still need to make a down payment in cash and have the property approved. This is the most efficient way to purchase a property.
PRIVATE LENDING
1WHAT IS A HARD MONEY LENDER?
A hard money lender is an investor who makes loans secured by real estate, typically charging higher rates than banks but also making loans that banks would not make, funding more quickly than banks and/or requiring less documentation than banks.
WHY DO HARD MONEY LENDERS EXIST?
Hard money lenders exist because many real estate investors need a quick response and quick funding to secure a deal when looking for a real estate loan. Banks and other institutional lenders that offer the lowest interest rates don’t provide the same combination of speed and transparency in their decision making process, along with quick access to capital.
2HOW DO I GET A HARD MONEY LOAN?
The best way to secure a hard money loan is to know or be referred to a reputable hard money lender like FFF-CC. The prospective borrower can simply call and describe the nature of the project for which capital is desired. When presenting a project to a lender, the borrower should be prepared to provide the following information:
Deadlines and dates which are critical to the transaction (for example, the closing date for a purchase if the borrower is seeking a purchase money loan); The specific property address; Whether the loan is for a property acquisition or refinancing of an existing loan; The purchase price of the property; The intended renovation budget; The intended asking price for the property (assuming the project is going to be resold after renovation);
