Steps to Take to Find a Commercial Lendor

When you are looking to finance your next commercial real estate project, you need to find a commercial lender. Why, you might ask? You need someone on your side who is an expert in the nuances of the kinds of loans that are a part of commercial real estate. But finding one can be kind of tricky. Here are a few tips to help you find a great commercial lender.

Commercial banks and lenders often specialize in the larger companies, so finding ones that specialize in small businesses is often harder. The good news is, especially since 2012, small business lending has been on the rise.

One way to find a small business friendly lender is to look for a smaller lender. Community-based banks and credit unions are often much more likely to loan to a local business. Why? It’s partly based on their ability to know you and your business better than the big guys can. It’s also based on their willingness to support their local economy by investing in it. Some local banks are also participants in the Small Business Credit Initiative which is a federal program to help give small businesses a boost.

Another way to get a commercial loan is to find a lender who offers loans backed by the Small Business Administration. These loans are perfect when you don’t have the criteria that other loans would require for evaluating your creditworthiness. The SBA backs the loans, giving lenders the ability to loan to you without fear. You can either check to see if the lender lists that it is a Preferred SBA Lender or you can consult the SBA for a list of local lenders who are a part of the program.

If you can, find out who will actually be doing the loan evaluation and making the final decision, whether it is the bank itself or if they send off your loan to an outside company. This can change who you want to work with if you intend to work locally.

Once you do find a lender you like and are willing to work with, do your research on the company. You will be with them for several years while you pay off the loan, so you want to be sure you can have a good relationship with them. Check the company track record and make sure that they are likely to be around in 10 -15 years when your loan matures. You can also check to see if the company offers annual financial reviews to see if there are other financial products that it might offer you that can be of benefit.

The Commercial Finance Association also offers you some advice and help finding a commercial lender. Their service is free and you can do your search by what kind of loan you are seeking, the amount you want to finance, and where you are. The CFA will then give you options for a lender who will match what you are looking for.

If you can, think about all of this and create your strategy before you actually need the loan. It will make things go more smoothly and faster when the time comes.

Home Construction Financing

Although having the exact home you want is an outstanding benefit, financing home construction can be a different matter. If you’re working with a custom builder, you will need to assume something known as a “construction loan”. This is the loan that pays off the builder while they build your home. Construction loans are typically short term loans that pack a higher interest rate than your traditional mortgage.

If you’re purchasing a starter home, this might thankfully not apply to you. Builders of “starter homes” understand that a lot of their potential buyers are not able to qualify for a high rate construction loan nor do they understand or care to acquire a short term loan then a long term loan. For this reason, entry-level homes are frequently financed by the builder or else the builder merely builds the homes out of pocket, handling the lot and all of the construction costs of the house. If this is the case with your builder, you will need nothing more than a traditional loan.

If it does turn out that you will require home construction financing, it definitely pays to browse around for best rates and lender with which to obtain one. As construction loans are generally fixed at a higher rate than conventional home loans, you’ll want to pay off the construction loan as promptly as possible.

Some banks will offer you a package deal called a “combination c and p” loan with just one set of closing costs. This makes up both a construction loan and a conventional mortgage loan wrapped up in to one. A combination C&P loan will save you time and hassle in the long run.

Traditionally, a construction loan works as follows. You apply through a lender for a construction loan secured by the home that is being built. Because the home is not yet built, the lender is taking on additional risk by financing you and this will be reflected in your rates.

As the house is constructed, the builder will ask for a “draw” or percentage of the cost based upon the level of completion of the home. This will come about at several stages during the construction of your new home. The bank that’s financing your construction loan will compensate the builder for these draws and construction will progress to the next stage.

Around thirty days prior to the home being completed, you will want to apply for a traditional mortgage subject to the house being complete. This way, the construction loan is paid back and the permanent financing is put in place as quickly as possible after the house is built.

Toilet Partitioning For Commercial Construction

A lot of different companies have to come together when designing and making Commercial Buildings. They all have to be able to work together and around one another to get the job done right and on time. It is a great responsibility for the Construction Manager to get everyone in at the right time and finish at the right time.

Commercial buildings have lots of different components within their structure. All of them have to tie in with one another to make the whole building work. One such parts are the Toilets or Washrooms.

It is essential to have the very best washrooms in a Commercial Building because of the frequency of use, the ware and tear and because you want keep the people who use your building happy. The best way to do this is to have Toilet Partitions (or cubicles) as they are a cost and time effective product.

What are Toilet Cubicles?

Instead of designing individual rooms to house the toilets commercial building companies have come up with a solution. Make a Partitioning system that is easily installed and disassembled. You don’t need to have floor to ceiling walls which keeps material cost down and using Laminated MDF or Ply wood, they are easy to clean. Better yet if using Compact Laminate, a 13mm thick piece of laminate, then not only will the structure be very strong, it will also be waterproof. This is essential when dealing with Shower Cubicles or washdown situations.

What makes up Toilet Partitions?

Toilet Partitions are divided up into 4 essential parts.

1. The divider panels. These are the walls that divide up each toilet cubicle.

2. The front panel. This panel sit in front of the divider panel at 90Ës angle. It is used to secure the door and the wall.

3. The doors. These are what you close after you enter the cubicle to ensure privacy.

4 The hardware. Locks, hinges, pedestals, extrusion and head rail. Locks are used when door is shut so other people cannot enter while you are occupied. Hinges are used on the door so that it can swing shut. Pedestals are used to lift the divider panels, front panels and doors off the ground (they are usually fitted to the front panel). And the extrusion and head rail are used to give the structure strength and rigidity.

How it all works.

Companies can buy Toilet or Shower Partitioning systems off local businesses who supply them. There is also online businesses that can supply companies with the manufactured goods and installation instructions so they can get contractors to install it for them.

Once put together the cubicles form a strong, durable and cost effective way to manage your Commercial Buildings washrooms. They can be easily replaced or fixed if broken but will more than likely stand the test of time.

Architects will specify certain businesses to supply the construction company with there goods or services under a form of a tender. This basically means that businesses will compete to win contracts with construction companies to use there goods or services in there Commercial Building construction.

Once the contract has been won and finalized the construction company can choose what colour, system and material they would like to use in there washroom or toilet. There are many different systems available on the market and choosing one to fit the needs of your bathroom is essential. The Toilet Cubicle supplier will then manufacture the system you have chosen and can then install the system into your building. That is how Toilet Partitioning and Shower Cubicles work in Commercial Buildings.

Green Buildings Are the Wave of New Commercial Buildings – Green Homes and Renovations Save Money

Green buildings are the wave of new building improvements. Green homes, home renovations and products also save money! It is my opinion that most people may be uninformed about the many benefits in green homes,green home renovations and eco-friendly products and practices.

Building construction is evolving and becoming more in-line, in America, with how buildings are constructed overseas. It is our responsibility to build our homes and office buildings in agreement and respect for our planet.

Environmental consciousness is a part of our perceived agreement to be aware of planetary and environmental health in consciousness to satisfy or hopefully,supersede our human responsibility by impacting the factors of our responsibility of our responsibility in the equation, for a healthier planet, while living in harmony with nature and the elements.

Collective planetary preservation is a gain for attaining an advantageous edge over the years of work that is needed to complete our life mission of global building change- beneficial towards a healthier planet for man-kind, immediately and intensively required for the betterment of nature, the elements,and humanity.

Building construction is evolving and becoming more in-line, in America, with how buildings are constructed overseas.

For example, the interior walls made of steel and concrete, in lieu of expensive wood, thus saving our trees and rainforests, by protecting the ecology and the surrounding wildlife that calls these resources home. Natural products that flourish in other parts of the country can also be entertained for more environmentally-friendly solutions to the human appetite for expansion of buildings and homes..

Products such as cotton fiber, Icynene foam and cellulose are fast gaining recognition,application and appreciation in the construction industry. The most recognizable product is cotton. Ever noticed the rising cost of cotton? For an important reason:it is quickly being sought by home builders and home renovators. The cotton material used will be made from recycled batted material; treated to be fire-proof.

Certain building products offer increased durability and help in sealing the building envelope. It is estimated that the lifespan of metal roofing is more than 50 years. Concrete and copper roofing products are expected to last a lifetime.

In commercial buildings, innovation can also help cut cost and have many benefits.

A building can be rated platinum, silver, or gold based on performance via LEED checklist (LEED stands for is the Leadership in Energy and environmental Design).

The rating is a point system based on-

*building materials;

*amount of natural lighting

*heat/cool efficiency

*water usage.

*Lot selection;- positioning of the home reduces the energy usage of the home

* Making even more changes by choosing to seal the building properly-

Sealing the building envelope; Reduces air leakage- into and out of the home.

How do you seal your building envelope? You can contribute by sealing the duct system, fireplaces, plumbing penetrations,doors,windows, fans, vents and electrical outlets. Holes need to be sealed around all penetrations including gaps being filled too! Sealing is saving and using less to heat or cool your area with improved sealing and outlet options for more energy efficiency as the goal.

Many public buildings, homes and universities are following suit and learning that the benefits of the initial cost of materials may in-fact pay for itself as the lower cost of building,heating and cooling energy costs are decreased due to the factors listed above. ** Another benefit is a healthy home- a home built to withstand the test of time.

**The U.S. Green Building Council estimates new savings of $50-$65 per square inch for positively constructed green buildings. In the area of the country,where I live, one university has been a standout, at least in the initial process, by building a combined heat and power plant on campus that will produce a third of the electricity needed on campus using natural gas – saving about $2.5 million a year. Here in central Florida, as the nickname and initials suggest, UCF- University of Central Florida in Orlando, Florida or UCF- You can’t finish), is far from slowing down their aggressive construction schedule. Future projects are always entertained, ongoing, or in process. What makes U.C.F. different from other universities in the state, per Ms. Lee Kernek, said,”that the plant will be designed, owned and operated by the university.” Ms. Lee Kernek was, associate vice president of administration and finance at UCF in central Florida at the time of these initiated, strategic business and ecological decisions and I am sure that the initiation of her efforts will always be appreciated and recognized here in Orlando, Florida!

By November of 2011, UCF -( University of Central Florida in Orlando, Florida),was able to use their energy even more effectively with the combined heat and power plant set to open. This green edition should be able to produce a third of the electricity needed on campus using natural gas – saving about $2.5 million a year. This was initiated a few years ago and upon further investigation, at the time of my latest researched update (last Updated in 2012), the construction efforts were carried and continue progressively. Many other universities and commercial builders took these innovations and renovations to heart and followed suit with more forethought for our environment and the effects of building, in unison with nature, that adds up to money- saving benefits as well!

*** Living on our planet is important; sustaining our environment is also important by being aware of the planet and everyone on it. Being aware of the results of proper building materials and the multi-level benefit to our environment, essential for humanity, nature, the elements and our posterity and with expanded actions and thinking we can save time and money in our efforts! Collective planetary preservation by changing the way that we build and maintain our buildings, homes and other structures is a gain for attaining an advantageous edge over the years of work that is needed to complete our life mission of global building change- beneficial towards a healthier planet for mankind, immediately and intensively required for the betterment of nature, the elements,and humanity.

I enjoy learning from you and from others offering me knowledge continuously!

How to Properly Protect Decorative Concrete During Construction

Decorative concrete has become a very popular new flooring choice for both residential and commercial construction projects. They are easy to maintain, great for regions with a lot of sand or snow, and a good alternative to carpeting if the homeowner has allergies. Decorative concrete flooring is often installed in a new home early in the construction process, which can result in damage from paint splatters, grime from workboats, impact from falling materials, and wheeled traffic. How do you help safeguard these freshly polished floors from construction traffic and mishaps from dropped tools and building materials?

There are several different types of surface protection that protect newly-installed decorative concrete floors from damage. Many contractors use Masonite, sheet plastic, and slick films to try to protect concrete flooring. These items offer limited protection and have serious limitations. Products like plywood can scratch flooring and are typically heavy and difficult to store after use. Masonite is bulky and can’t easily be repositioned on a job site. Occasionally, the masonite 4′ x 8′ sheets separate and allow wheeled traffic to directly roll over the new floor. Also, Masonite is not absorbent, so liquids flow off the sides and get into spaces between sheets, damaging the decorative concrete. Sheet plastic has its own set of challenges. While it is easier to move around a job site and is less expensive than other floor protection options, it can be very slippery on top of polished concrete flooring and may lead to worker injuries if someone falls or trips. Plastic sheeting moves easily, which means that without being taped down, it could slide on the floor. Lastly, sheet plastic offers no impact protection from dropped heavy items. Another option that contractors use to protect decorative concrete floors that doesn’t work well are temporary carpets. The carpets have a rubber backing, which does not allow the concrete to breathe. While it makes for good protection against impacts, it is heavy and awkward to move and does not absorb spills well at all. It is also a very expensive type of protection.

Many builders have tried each of these methods to protect decorative concrete but nothing works perfectly. The ideal product would be breathable so that concrete can cure, absorb spills, prevent differential drying, and would provide impact protection. If possible, the product would be reusable and recyclable to reduce waste. Luckily, there are several surface protection products on the market that meet all of these requirements.

Ram Board™ is a heavy-duty floor protection product that is made of a thick cardboard-like material. One roll of Ram Board™ is the same thickness of ten sheets of Masonite, and since it comes in rolls, it is much easier to transport, move around, and store. It lays fast and flat upon being unrolled and allows moisture to escape for curing floors. Ram Board™ is water-resistant and prevents oils and other materials from seeping through and staining concrete flooring. Ram Board’s breathable Vapor Cure™ tape can be used to tape ram board sheets together and does not result in cure lines.

SurfacePro™ is a thick, breathable floor protection product that has a skid-resistant backing. It comes in large rolls and easily cuts to size. SurfacePro™ is reusable and provides 40 mils of protection for decorative concrete floors. The breathable product prevents cure lines in newly-installed concrete and it won’t invalidate the flooring manufacturer’s warranty. Unlike the paper Ramboard, Surface Pro is reusable and last longer.

SurfaceLiner Vapor™ is a new product that is similar to SurfacePro™, but also has a lightly tacky back that almost acts like an adhesive. It lightly grips floors without leaving any sort of residue. SurfaceLiner Vapor™ is breathable and vapor-transmitting for new concrete floors. It is also waterproof and tear-resistant. SurfaceLiner Vapor™ has padded protection that is very effective against impact damage.

,EZcover by McTech Group is a natural cellulose fiber composite that immediately starts absorbing a spill without degrading. It has a dense top layer and a soft cushion on the bottom and is designed to take impacts. EZcover breathes well, is relatively easy to cut/shape around objects, and comes in large rolls for easy placement over large areas. If kept in decent condition, EZcover is reusable. It is its durable against construction traffic and wheeled traffic and the edges can be taped if needed.

While contractors can use basic products such as sheet plastic, Masonite, and carpeting to protect decorative concrete floors, the most effective types of protection are specialized floor protection products. Products such as Ram Board™, Surface Pro™, SurfaceLiner Vapor™, and EZcover are specifically designed to provide the very best protection at a competitive price. Remember; protection is an investment and prevents the high costs of replacement or repair that may happen if the expensive flooring is not protected. Contact your local surface protection supplier for more information how to best protect your valuable concrete floors.