Retaining renters long term is the primary goal of any apartment complex. You want to ensure occupancy rates remain high, because this translates to your profitability and bottom line. In addition, you are able to reinvest your earnings back into the community to help maintain its upkeep and overall condition. However, there can be times when major renovations are required, and you lack the necessary resources. You might desire to completely remodel your units by installing new carpeting, flooring, light fixtures, cabinets, countertops, and appliances. A project of this scope costs more than completing a deep cleaning and repainting of a unit before it is rented.
Luckily, you are able to obtain help for your rehabilitation project from Commercial Lending Corporation (CLC). This lender has access to a wide range of financial partners, direct lenders, private investors, insurance companies, and others willing to underwrite and fund your project. Due to these relationships, CLC has one of the highest closing ratios than a single product lender, with some of the lowest rates.
There are various programs and options to choose from Commercial Lending Corporation. It is worth your time to speak to one of their experienced loan consultants and discuss your exact needs. Your personal loan consultant is able to size up your project quickly and determine what programs would best work for your situation. Working with CLC to secure your funding is like presenting your project to hundreds of lenders all at the same time. Instead of having to waste time going from one single product lender to the next, and completing a new application each time, you are able to complete a single application and have it presented to all interested lenders.
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