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Tony asked:


I saw a commercial and said they could refinance to a 15 year loan at 4.375 with no closing costs. Has anyone used this company and if so were they good or are they trustworthy. Thank you.

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dragonboi1628 asked:


Thank you for stopping at my question. I need a Commerical Lease Expert in the state California, specifically, in the county of San Diego.

My friend signed a 5 year commercial lease for her gift shop. She just opened the shop last year, but business has not been good and she is out of money. She needs to terminate the lease early, but she has 4.5 years left. On her lease agreement, it does not state what the damages would be for an early lease termination.

She offered the landlord a lump sum of 6 months rent to cover any cost to the landlord. She found a buyer for her inventory and store fixtures, so that is why she was able to offer 6 months worth of rent and CAM fees. However, the landlord wanted more money, which she does not have.

She is out of money and have maxed out her credit card and can not take out a loan. My question is, what can she do? What can the landlord sue her for? If she does get sued and do not have money to pay the damages, what happens?

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D-city asked:


My sister put money down on a home that was listed as residential property, it was infact a duplex that she planned on moving into both halves and eventually making it into one home. She got approved for the loan, sent the check to the insurance company, and put the money down, and when she got it appraised, the guy told her that it was commercial property and couldn’t get the house unless she put 20% down. She cannot do that, and the insurance company and real estate places have already cashed their checks. She is very interested in owning this home, what can she do?

The house is listed as residential-multifamily, and the appraiser came in and said it was commercial. It is located in eau claire, so is there anything that she can do?

And will she be able to get the money back from the insurance company and real estate place, i told her yes, be she thinks that they wont do it. What do you think? And what do you think she should do?

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CrazyAces asked:


ok, this might be a rather dumb question. But how does seller finance work on commercial buildings? I outlined what I “think” it is below.

lets say you have a building for 1,000,000 at 6% Interest Only for 5 years.

Seller is willing to carry back 80% (800,000).

Lender is willing to finance the remaining balance with 20% down (So this equates to 40,000 cash you need to bring to the table) 160,000 is the amount the lender is going to finance.

I am assuming that the lender has the first position with his loan and the seller finance goes into the second.

What can be done to protect the seller should the buyer default on the loan?

Am I Missing something?
Any infomation is appreciated

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not the usual.. asked:


Is it simply rent and utilities when it comes to the property? Maintanance would be on me I’m sure but anything else I should know about?

Any red flags anyone can throw ahead of time?

When planning on getting a grant or loan to start a business, do you have to have the property in mind that you want to use. What if the grant money is to start me off and rent the place. Is that ok?

Can you even rent commercial property without any income? I am currently on Unemployment but if I do get this grant, I want to pay rent in advance and buy the equipment. With commercial, past history, credit history and all the same things as renting a home, do they all come into play or would they let you go for it as long as you pay?

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terireid7 asked:


I’m looking to buy a converted commercial building. The upstairs (street level) is all kitchen, bath and livingroom, and the 3 bedroom & a bath are in the downstairs basement. The windows aren’t small, but the bottom sill is still over 5 feet from the floor. (They are probably 3ft by 2 ft wide) Do you think a bank will loan on this home as there is no egress windows? I’m concerned. My realtor thinks they are ok, but I think that my bank’s underwriter won’t loan the money due to this. Any thoughts????? We are kind of thinking it will run us (or the seller) around $3000 a window. Anybody in Idaho know about this cost?? OR about home loans here concerning this?? Thanks.

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with bun in oven asked:


The commercial says that if someone owns a house and doesnt pay the taxes, the city gets the house, not the bank (if the loan hasnt been being paid either) and that the city will then turn around and sell it for just those taxes, meaning a house may be worth 100k but the taxes were only 2k so the house is sold for that. This is in america only that I am asking about. Has anyone heard of any such thing actually being true? If you have, any and all info you have please!
Is it all laid out there to see, as in the details? Such as all fees and other costs you will have to pay? One person said you still have to pay the mortgage, would it come right out and say that, and how much it will be?

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fabiorodriquez asked:


is there any possible way to finance a 40 unit apartment complex that cost 1.7 million without having the the entire 20% down that is recommended for commercial loan….i have a 780 credit score about 120k and make 100k a year.the apartments have been 95% occupied for last 3 years…..without having to pay over 10% interest

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Lilah asked:


I was raised in Thibodaux, LA and am currently reside in CA. I would like to go back to Louisiana and invest commercial/office real estate in the French Quarter area of New Orleans. Can someone from that area give me some helpful advice? Would Baton Rouge be a better investment area?

The Greatest! asked:


I would like to take out a loan in order to purchase some commercial property on the Island of Oahu in Hawaii. I would like to use the property as vacation property. A house that a family, or individual can rent during their vacation. I’m not sure what the exact term for such a place is. The most I have at the moment to put down on the loan is 100,000 USD. Is that a reasonable amount to put down on a 1,000,000 USD loan? Also, I would appreciate an educated guess as to how much each payment will be per month with with interest. Also, a rough estimate of the interest rate. I have no established credit, and I am only nineteen years old. I sort of expect a high interest rate, but I needs to be affordable. If you can, please recommend me to a site, organization, or company which could help me achieve the above stated goals. Also, I would greatly appreciate any and all immediate advice provided. Thank you in advance for your help.

Commercial Loans to 65% of Value