When new loans are needed for acquisition or tenant build outs, Zinner & Co. works with clients in real estate to obtain new loans or extend their current debt.
Obtaining a loan takes much longer than in the past because banks are doing more due diligence and are more cautious of the deals they add to their portfolio. Federal regulators are eliminating or restricting the amount of equity lines and other debt that certain banks can add to their portfolio. Besides being more difficult to obtain these loans, banks require more guarantees, more owner equity and stricter covenants than in the recent past.
Although it is more difficult to obtain funding, it can be done. Our real estate advisors help you manage the process and assist with finding banks that will work with you to obtain the funding for your project.