Currently, the economy of Texas is considered one of the healthiest economies of all the fifty American states, which makes it a hub for new jobs and an increased number of people moving to the state. The general circulation surrounding the economy makes Texas the perfect location for upward mobility, whether it is in the job or home environment.
Thanks to this economic and population growth, the apartment and home rental business in Texas is also flourishing. More and more people are opting to rent their living spaces rather than purchase a property because, despite the increased job and revenue, the property values in Texas have significantly increased as well. The cost of office rental spaces has gone up in the same fashion, and acquiring capital for banks is a lengthy and arduous process.
Instead of taking out mortgages or loans from the bank, you can opt for soft money loans from a private commercial lender instead. Soft money loans are short-term loans that operate on very flexible terms. These types of loans usually come with below-market rates of interest and have very lenient terms of repayment. You can get several extension grace periods to pay the loan back without incurring any extra charges. Even for the extension period, you only need to pay the interest rate that has been determined.
If you are looking for soft money loans in South Texas, you should consider taking out a loan with ProActive Commercial Lending Group, LLC., rather than taking one from a bank. ProActive Commercial Lending Group, LLC. is a private organization that appreciates all hardworking people and is willing to hand out loans where the banks refuse to. They offer a variety of loan types, such as commercial loans, hard money loans, and conventional/ SBA loans, to help people acquire the capital they need in order to set up their own businesses.
The people at ProActive understand that building a business or even living a normal life is a risky undertaking, and often, despite the best intention, things can go wrong, and accordingly, they offer more relaxed credit and even refinancing services when required.