erin needham

erin needham

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Erin BW.jpgErin Needham
$1.2 Million in Dripping Springs $1.2 Million in Dripping Springs
$3.3 Million in Wimberley $3.3 Million in Wimberley
$7.8 Million in Austin $7.8 Million in Austin

5 Commercial loan tips

To get the best deal, you need to prepare in advance. Here are a few tips to help you on your way:

  1. Have your business plan, forecasts and projections, financial records and statements, history of the property's income, and the appraisal when you approach lenders. Make sure these are accurate and up to date. 
  2. Put your own money down. You'll need at least a deposit and closing costs. Lenders want to share the risk, not own it entirely. They will usually not finance more than 75% of the appraised value of the property. Personal guaranties of the principal owners may be necessary.
  3. Get your own appraisal of the property. This will provide you with an unbiased estimate of what the property is really worth. You'll then know whether it's worth the financial risk.
  4. Apply for your loan as soon as you can. Sometimes it takes longer than 30 days to close a loan.
  5.  Be certain that you can afford to keep your business going and still meet your payments. Properties must show sufficient debt-repayment ability. I
In the community In the community

This year we cleaned up 600 pounds of trash in our community cleanup!
Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem.

trash.jpgGo team!