IRVINE, CA—Last week, GlobeSt.com spoke with Eric Freeman, VP of SummitFunding Group here, abouthow commercialbuilders can finance the heavy equipment theyneed for their construction operations whilemaintaining financial stability in an age ofrising construction costs. Here, wecontinue our interview with Eric Freeman todiscuss how commercial buildings can remain competitive asconstruction volume ramps up next year.
GlobeSt.com: Forecastsshow that construction volume is set to increase in 2015. With somany companies in the market for financing, how can constructioncompanies remain competitive when seeking equipmentfinancing?
Freeman: When it comes to competingfor the best rates and terms, construction companies need anexpert. Engaging with a traditional banking institution and hopingthey understand your business is simply not a realistic approach.Instead, construction companies should work with someone who is notonly a finance expert, but also specializes in equipment finance.Having someone who understands the value of a business and thespecialized equipment that a company is seeking is really the keyto securing the most competitive financing.
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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.
