For business-only and franchise purchases, these types of transactions are FULL-DOC loans, meaning income and assets of the borrower are verified. Assets are usually sourced (where is the money coming from?) and seasoned (how long has the money been there?). So it’s not real easy to get ultra creative on those kinds of deals. Even if you don’t actually use any of your own money to purchase a particular business – you still have to verify that you COULD and show where the money would come from (even if it actually comes from somewhere else).
For maximizing seller financing and getting creative, stick with main line properties like apartment buildings, office buildings, and retail strip centers AND keep the deals SMALL (usually under $1 million). Lenders want the type of properties where the tenants of the property generate enough revenue to pay for the mortgage – not a single business owner relying on the profitability of his business (like a KFC restaurant). With an apartment building or multi-tenant office building, even if YOU (the borrower) become unable or unwilling to pay your mortgage, the property may be able to support itself. So, because these are considered less risky loans, lenders often allow more flexible underwriting guidelines.
We are Financing Specialists dedicated to finding the best option for our customers whether its commercial business loans, investor financing or residential home loan.
If it’s an available commercial financing program ANYWHERE in the United States - we have access to it!
COMMERCIAL / BUSINESS LOANS
Commercial Capital, Ltd.
Your #1 Source for Commercial & Business Financing
Office: 863-298-8900 eFax: 863-877-4456 Cell: 813-833-3132
http://www.commerciallendingpros.com/
5 comments:
Your credit score tells lenders how likely you are to pay back the money you borrow. A high score sends all the right signals, while a low credit score can be refused by lenders. A home loan with bad credit is possible, even if you’re a first-time home buyer. To get a mortgage loan with bad credit, please visit our site. We will help you to find lenders who will give you a mortgage loan with your bad credit. Bad Credit Mortgage Oshawa
I have already read out this content. That's very interesting. Thanks for sharing this informative information. I am waiting for your next information.witneycouriers
You delivered such an impressive piece to read, giving every subject enlightenment for us to gain information. Thanks for sharing such information with us due to which my several concepts have been cleared. Welcome to Jason's Holidays
I am new in the blog writing.All types blogs and posts are not helpful for the readers.Here the author is giving good thoughts and suggestions to each and every readers through this article.Quality of the content is the main element of the blog and this is the way of writing and presenting.digital marketing
I’ve read this post and if I could I desire to suggest you few interesting things or tips. Perhaps you could write next articles referring to this article. I want to read more things about it!Dog Cooling Mat,
Post a Comment