Acumen Group provides refinancing services for short-term financial loans (1- 3 years, interest only):
-Facilities: Senior, Elderly Care, Nursing Homes,
-Buildings: Industrial, Offices, Warehouses, and Office Parks
-Hotels, Resort properties, Condominiums, Apartment, and Motels
-Shopping malls, Retails strips, and Cinemas
A company or entrepreneur can refinance their commercial properties in many different ways to increase their financial outlook. Here are some reasons:
If an entrepreneur has accumulated a lot of equity in the commercial property, it is sometimes financially prudent to leverage that equity and take out a portion of the cash that can be used for other purposes. This is an effective way to finance property maintenance or raise funds for working capital needs.
Avoid an Increasing Payment
Most commercial loans come with a connected "balloon payment" – when almost all of the loan balance is due at the end of the loan. For many businesses, making that payment can be challenging, so refinancing using a Bridge Loan can save businesses from that financial obligation.