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re: Securing Loan with Commercial Real Estate
Posted on 3/23/13 at 2:06 pm to ShreveportTIGER318
Posted on 3/23/13 at 2:06 pm to ShreveportTIGER318
quote:
Does anybody know how willing banks are to secure loans to buy commercial real estate with the real estate itself? What kind of guarantees might they need? What if the commercial real estate has a lease already on it?
Any help would be great. Thanks.
As Russian said...every damn day.
If the property is held in a corporate name then you(and any other principals) are going to be expected to guarantee the debt.
A long-term lease to a strong tenant that provides a comfortable dscr would definitely be a plus.
What type of property is this?
This post was edited on 3/23/13 at 2:09 pm
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