IRVINE, CA—Rising construction costs arecreating financial concerns for commercial builders who want tostay current with their equipment without going into undue debt.GlobeSt.com spoke with Eric Freeman, VP ofSummit Funding Group here, about how commercial builders can finance the heavyequipment they need for their construction operations whilemaintaining financial stability.
GlobeSt.com: With construction costs continuing torise for commercial builders, what options do constructioncompanies have in order to obtain the heavy equipment they need fortheir operations?
Freeman: Leasingheavy equipment, instead of a traditional purchase, can be one ofthe best options available for construction companies today.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
