Posted by TP on May 08, 2007 at 13:46:31:
No.
Financing Commercial property - Posted by Tp
Posted by Tp on May 04, 2007 at 10:59:02:
Have our third commercial property under contract. This deal is little different from first two.
Commercial building. Needs some work. Sale price is 400K.
Should appraise for that amount.
Our plan is to do some remodelling, convert into a gas station/C store. Put UST and pumps.
How to finance the deal?
2)Strategy was to get a interest only loan with 10% down and then do the remodelling+ USt+ pumps etc. Then refinance. Would this strategy work.
Thanks
TP
Re: Financing Commercial property - Posted by Tom Resner
Posted by Tom Resner on May 08, 2007 at 15:46:57:
I can help with financing the finished product. You probably need a local commercial lender for the conversion.
Re: Financing Commercial property - Posted by mo
Posted by mo on May 08, 2007 at 11:13:13:
has appraisal been done?