We’ve experienced a lot of change in the past year or so, some of it unprecedented in the real estate world. Many people have remained flexible and learned how to thrive despite the pandemic, but things won’t stay like this forever. As the commercial real estate market changes post-COVID, property owners will need to adapt. So will brokers, real estate agents, lenders, and anyone else involved in the buying or selling process.
Dangers Lurking Post-COVID in Commercial Real Estate
Many businesses experienced losses throughout the pandemic. In turn, property owners began to take revenue losses because their former tenants could no longer operate their restaurants, bars, party venues, or retail spaces at maximum capacity. The reduced cash flow then led to a decline in property value.
While things are improving for many businesses, the recovery will still be slow and tough. It’s hard to know when people will be gathering in large groups again. It’s unknown how many businesses will return to full-time office work, as many employees might continue to work remotely. Property owners will need to adapt to the world of virtual work.
Commercial landlords are currently battling to secure the best tenants in an oversupplied market. Several CRE owners are deciding to sell due to these issues and others, but even at a lower value, it will likely be tough to sell. Refinancing or restructuring the debt may be a better option for many property owners, but it may be even more difficult than selling in many cases.
How We Help You Overcome These Challenges
Refinancing can make a big difference for building owners. At Help With My Loan, we offer a simple, stress-free way to connect with lenders who are experienced in working with commercial real estate investors. With $100M+ funded for our customers, we have the experience it takes to help you get a loan! Here are the benefits of using our lending platform for your next commercial loans.
95% Funding Rate
If you walk into the nearest bank and apply for a commercial loan, your chances of getting approved for the loan you need are relatively low. But because we partner with more than 300 lenders, you have a 95% chance of getting a loan!
Uncapped Loan Requests
You’ll also benefit from unlimited loan requests. If your first request isn’t successful, no worries – there’s no cap or limit on loan requests here.
300+ Lenders and Banks
Not only do we provide access to hundreds of lending companies and banks, but each one is carefully vetted. You can trust each of our lenders to help you to the best of their abilities.
NO Spam/Telemarketing/Selling Data to 3rd Parties
Unlike many competing services, we promise to NEVER sell your information to third parties. You won’t be inundated with junk mail or constant telemarketing calls after you apply for loans with us.
Ready to Buy or Refinance? Apply for a Commercial Loan Now!
Planning to meet the post-COVID challenges head-on by taking out a commercial real estate loan? Whether you’re looking for a purchase, refinance, or cash-out refinance, we’d love to help you. We’ll match you with the best lender to meet your needs!