Lending on Office buildings is challenged in today’s uncertain market. Lenders are being more selective with the office building loans they are funding. Debt yields of 9% or higher with solid tenancy, strong DSCR, and experienced operators are getting the attention today. Not every office building loan opportunity checks all the boxes. If you have an opportunity in the office building space that you feel meets most of the standards today, we are here to help. The picture to the right is an office building that Great Oak Funding financed in downtown Dayton, Ohio.
While office financing in general is more challenging today, medical office lending seems to buck the trend. The picture to the right represents a medical office building we recently financed in Virginia.
Reach out to Great Oak Funding today to discuss how our options that can be used to help you finance your next office project.
WHAT’S NEW FROM GOF
GOF is now offering Lines of Credit for businesses in Ohio, Indiana and Kentucky. Contact us for more information.
GOF can provide options beyond bridge loans through its network of professional brokers and lenders. Ask us how.
Great Oak Funding is a Direct Bridge Lender providing short term loans through its family of funds to established businesses across the United States.