Bronx, NY Real Estate Financing & Business Expansion
How to Fund your next Real Estate Project or Business Expansion / Acquisition in the Bronx
By Jeff Bardos, CEO, Speritas Capital
February 19, 2020 – Greenwich, Connecticut
Call or text Jeff at 203-247-4358
Schedule a Call
Email Jeff
The Bronx SBDC offers a wealth of information on starting and growing a small business. Lehman College (A CUNY school) also offers a great Tech Incubator program.
The Bronx is a special place, one of the fastest growing boroughs, and is a great place to establish a business or develop real estate.
At Speritas Capital Partners, we help local entrepreneurs put the knowledge they gain through the Bronx SBDC & Lehman programs to work by offering strategic small business loans when the time comes to expand their businesses.
What’s really hot right now in the Bronx is Real Estate development - commercial, multifamily residential and mixed use. Speritas is here to help you fund your next project!
Commercial Real Estate Loans in the Bronx, NY
Businesses must occupy at least 51% of any structure. Qualifying properties in Bronx, NY include:
Warehouses
Industrial
Restaurants
Auto repair shops
Storefronts
Automotive dealerships
Medical facilities
Daycare centers
Nursing homes
Small business loans for commercial real estate transactions have terms up to 25 years.
Bronx-based Entrepreneurs have a variety of financing needs. Our small business loans can help entrepreneurs:
Get access to working capital
Purchase large business assets
Acquire equipment
Purchase commercial real estate
Improve and expand existing facilities
Refinance debt from prior business loans
Questions? Schedule a call now!
Our small business loans in the Bronx give entrepreneurs the working capital they need for:
Accounts payable
Hiring staff
Maintaining inventory
Purchasing supplies
Our working capital loans have terms of 5 to 7 years.
Equipment Leasing for Bronx-based Businesses:
Speritas Capital Partners offers small business loans for leasing equipment such as:
Machinery
Vehicles
Construction equipment
Computers and servers
Desks and furniture
And More!
Equipment leasing loans have terms up to 10 years.
Bronx Businesses can also Expand by Qualifying for an SBA Loan
The SBA defines the requirements for small business loans. To qualify, businesses must fall within the following guidelines:
Businesses must have a net work of less than $15 million
After-tax net income cannot exceed $5 million for the previous 2 years
Businesses must have a detailed business plan
FICO score of 650 or higher
Must not be delinquent with existing debt obligations
Finding the right partner to help fund your Bronx-based real estate project or expand your Bronx, NY based business is hard and it’s easy to make the wrong decision. Speritas Capital is here to help you think through your funding options.
Schedule a call with the author, Jeff Bardos, send an email, or call/text him at 203-247-4358.
About the Author
Jeff Bardos, CEO, Speritas Capital Partners
Jeff has over 30 years of experience in the financial services industry. After graduating from the Columbia Business School, he joined the New York Federal Reserve Bank as a senior staff member in Bank Supervision, leading the Bank Analysis department. From the nation’s central bank, Jeff moved into the private sector, working at senior levels in commercial banking, retail banking and risk management. He has also played senior founding roles in several start-ups. Learn more about Jeff.
CONTACT INFO
Jeffrey Bardos
CEO Speritas Capital Partners
Call/text Jeff at 203-247-4358
Email Jeff with your Bronx NY real estate & business financing questions
Schedule a call with Jeff using our online scheduling tool.
Speritas Capital Partners specializes in complex credit, collateral and cash flow situations and we never take upfront fees.
Because Speritas Capital is a debt advisory firm, we have access to a wide variety of lending structures. We’re not beholden to any one lender or structure so we can use our creativity and experience to design a structure that truly fits the needs of our clients.
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