Strip Center growth in Florida has been about 15 to 20% growth over the last seven years. The infux of population to Florida each year means that all Florida cities have to continue building retail and strip centers to meet the rising demand for goods and services.
This gives SCM a chance to help more strip center real estate owners in Florida refinance and take cash out of their property. Our large group of investors or ready to help you with you refinancing needs as little as 50,000 to 5 million. If your self employed, no credit, bad credit or less than prefect credit maybe even 800 credit but you depreciate all your losses and show a lost on your business income taxes. The banks will not approve your strip center refinance. We are seeing strip malls retail plazas with pride of owner ship and 60^ to 70% rental occupancy ideally. Each loan inquiry and file will be evaluated on how much income and risk levels but not on credit. If you own a strip center free and clear, no mortgage, and its paid off, then we can certainly help you with your financing needs usually in less than 21 days.
If you need to tap into the equity to gain fast access to capital quickly and without any road blocks by the banking centers then we have a fast funding equity portal that will give you lighting answers and make sense underwriting not using rigid bank regulations.
Many clients that come to us had to spend 5.000 to 10,000 up front apprasials and they owned their property with no mortgage and then had to wait up to 120 days to get turned down. We will never give our clients that type of run around. So give yourself the best chance of obtaining the funds you need today.
Strip Center Gold Loan Program:
"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"
Mikle / Broker