By Kevin Fasick of Ross Capital Partners When a business owner or a real estate investor seeks financing for their project, the process is time consuming and often overwhelming. Many owners don’t know where to ...
[caption id="attachment_37345" align="alignleft" width="150"] Kevin Fasick, Co-Founder & Principal, Ross Capital Partners[/caption]
When a business owner or a real estate investor seeks financing for their project, the process is time consuming and often overwhelming. Many owners don’t know where to start aside from walking into their local bank or calling the loan officer that handed them a business card. This can be a fine option if their business exhibits a lengthy track record of success or their property produces ample cash flow with quality tenants. Even so, there’s no guarantee your first offer is the best as other loan programs may better suit your needs and deliver more of what you want.
There are a multitude of lenders in today’s marketplace ranging from local banks to debt funds, as well as credit unions and government affiliated entities. Each lending institution has their own requirements, guidelines, and appetites for certain types of investments. At Ross Capital Partners, we advise on and arrange financing for clients who need an experienced professional to secure competitive financing for their business or real estate. Our clients may not have the time or resources to explore all available options. That is where we step in. For instance, we saved a client hundreds of thousands of dollars in interest expense over the life of their loan by sourcing an institutional lender that offered below average interest rates. We are here to be an advocate for our borrowers throughout loan origination to closing, whether we’re funding the loan ourselves or placing it with another lender. Ross Capital Partners ensures that you are obtaining the most favorable terms that the market has to offer while coordinating the numerous parties involved in the transaction.
There are times when a business person or investor needs financing but are facing what we like to call “special circumstances.” This can range from a tax or credit issue, a current loan in forbearance, or a large vacancy at a property. Another example is a borrower needing to close in as little as a week to avoid risk losing an opportunity. In these scenarios, we can step in to fund the loan while the owner executes their plan and later secures permanent financing. The team here at Ross Capital Partners has seen most scenarios imaginable.
Ross Capital Partners provides financing for business owners and real estate investors of all types. We funded the start-up of a local brewery who has gone on to win national awards, as well as provided capital for a family business to expand their building. We funded transitional commercial investment properties where all the borrowers needed was time and an understanding lender. In the above examples, there was at least one reason why a local lender was not able to provide the loan. Our short-term bridge loans are used when traditional bank financing is unobtainable. Today’s lending environment can be difficult to navigate if your loan request is somewhat atypical. Sometimes all one needs is a flexible lender.
Ross Capital Partners is Delaware’s leading private lender and commercial mortgage company. We offer in house short-term bridge loans in addition to loan placement and consulting services. Our national network of lending partners includes banks large and small, credit unions, pension funds, REITs, life insurance companies, and conduit lenders. We take pride in our ability to understand our clients’ needs and structure proper financing packages. Working with Ross Capital Partners ensures a streamlined process and certainty of execution.
Call us today for a confidential consultation.
Ross Capital Partners 724 Yorklyn Road, Suite 350 Hockessin, Delaware Office: (302) 300-4220 www.RossCapital.com