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Updated over 4 years ago on . Most recent reply

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53
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Holly Hudson
  • Orlando area and Space Coast, FL
13
Votes |
53
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Commercial Pre Approval

Holly Hudson
  • Orlando area and Space Coast, FL
Posted

HI! There is a property that I am very interested in and would like to view.  It has 5 housing units and some rv pads.  The owners are requiring pre-approval in order to even schedule a viewing.  I have never purchased a commercial property so I may wrong on everything but is it not a commercial property being over 4 units? And how can I get a commercial pre-approval when it is based on the property itself and I have no information about it?  Thank you in advance for all information and advice!

Most Popular Reply

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4,317
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Jonathan Klemm
  • Contractor
  • Chicago, IL
2,639
Votes |
4,317
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Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

@Holly Hudson - Where is the property at exactly?  @George Skidis provided some great suggestions on who to check with about the pads.

Is there a specific reason you like this deal if you don't have any information on it?  Also, what do you mean by 5 housing units?  Do you know how much they are getting for rent and how much the parking pads would get?

Also, any pre-approval from a bank should be fine.  If they are being really picky I do have some decent bank connections and would happily provide a referral.

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