Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

117
Posts
34
Votes
Michael Pittman
  • Real Estate Agent
  • Houston, TX
34
Votes |
117
Posts

Pre Leased Strip Mall Development

Michael Pittman
  • Real Estate Agent
  • Houston, TX
Posted

Does anyone have any advice on doing a small shopping center development (3-6 tenants) and having it pre leased before construction and what that process looks like with the bank?

I have a couple of vendors who have expressed that they would lease from me if I did a retail development in Houston, Texas. I’m a Commercial Realtor so I understand the transaction process. Just don’t understand the development process between the Bank for a pre leased development. 

Most Popular Reply

User Stats

841
Posts
901
Votes
Nik Moushon
  • Architect
  • Wenatchee, WA
901
Votes |
841
Posts
Nik Moushon
  • Architect
  • Wenatchee, WA
Replied

If you have a lease or two in contract when you go to the bank for financing they will LOVE you. If you have the whole thing leased they will basically give you a loan without asking any other questions. Ok, not really, but you will basically guarantee yourself a loan. 

This is done all the time by the way. So not new or uncommon. The bank will know what to do or at least know what to ask for. 

But seriously, get as many leased now as you can, it will make everything easier down the line. Don't lower your standards for a tenant though. 

Loading replies...