Posted in improvements

SC Ports Authority granted over $21 million by US DOT for improvements to Lowcountry commercial site

The South Carolina Ports Authority announced the agency has been awarded $21.68 million by the US Department of Transportation (DOT) to assist in the construction and improvement of infrastructure at the Ridgeville Commerce Park in Dorchester County.

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© Provided by WLTX-TV Columbia

The money is part of the US government’s $1 billion investment in the nation’s infrastructure through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.

Funds will be spent on both onsite and offsite improvements. 

According to the DOT’s description of the funding project, on-site improvements include a new two-mile long industrial access road and a new 20-acre truck chassis/empty container storage yard, in preparation for development of an import distribution center. It will also widen approximately ¾‐mile of an existing off-site road (SC27) to provide improved access from the project site to I‐26.

SC Ports announced in July that Walmart is planning on

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Posted in home improvement loans

Your Commercial Real Estate Loan Guide

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Comstock / Getty Images

  • Most lenders require borrowers to have a credit score above 660 to qualify for a commercial real estate loan.
  • Commercial real estate loans can be term loans, SBA loans, lines of credit or portfolio loans.
  • Commercial real estate loans typically have five- to 10-year terms but are amortized over a term of up to 25 years, which may leave them with a large balloon payment at the end of the term.
  • This article is for business owners who need a commercial real estate loan to purchase a building or remodel an existing property for their business.

A commercial real estate loan is a type of financing that’s used to buy property for business purposes. To get a commercial loan, you’ll need to have good credit, make a down payment of 25% or more and plan to use a majority of the property

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