Home > Dominion's Blog > Tenant Improvement Loans – 07-30-2013

Tenant Improvement Loans – 07-30-2013

 

Yes, you probably have not heard of very many lenders offering tenant improvement loans that are secured by a trust deed or UCC filing on the real estate equity.  These “T.I.” loans are made to allow a project owner the opportunity to finance the expenses needed to build out a retail, industrial, or office space for a prospective tenant.

These can be very specialized as in medical facilities and the need for elaborate MRI, CT, and nuclear applications.

It can be a simple but sometimes a very expensive cost to re-fit an office building for a new tenant.  This can be characterized as a “clean up remodel or massive rebuild.”

Dominion Mortgage understands the need to make money available to landlords for tenant improvements and build outs to be competitive in new leasing” says Paul S. Horvitz, Dominion’s CEO.

Dominion has carved out a nice niche in a market that has embraced this need.  Once again, this T.I. product is an ongoing partnership between Dominion’s borrower’s needs and Dominion’s penchant for positive results.

Advertisements
Categories: Dominion's Blog
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: