Long term commercial warehouse financing single tenant use

8 Replies

I own a small warehouse in Houston( I live here) I paid cash for, fixed it up and now leases for $15,600 annually expenses total $2314 annually. My annual income exceeds my expenses. I am looking to finance the property long term any advice? I cannot find a bank that will do it. 

Originally posted by @Austin Metzger :

I own a small warehouse in Houston( I live here) I paid cash for, fixed it up and now leases for $15,600 annually expenses total $2314 annually. My annual income exceeds my expenses. I am looking to finance the property long term any advice? I cannot find a bank that will do it. 

How many banks turned it down and why? This should be no problem at all unless the amount your asking for exceeds DSCR thresholds

Does it have environmental contamination or title issues? I can't think of a reason why a bank wouldn't finance a single-tenant warehouse. I appraise them for banks all the time.