Updated over 6 years ago on . Most recent reply
Loan for comm property owner to renovate an existing store?
I have 2 outdated storefronts that need to be upgraded and potentially combined into one store.
I don’t have an official estimate yet but im assuming it’ll be in the ballpark of 30K-60K.
My mortgage is private and I'd rather not leverage the property.
What are my options for financing?
What terms will I have to meet?
Does there need to be a contract in place with a new tenant before a lender will consider?
Thanks in advance.