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Updated about 1 month ago on . Most recent reply

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Cindy Cheng
  • Rental Property Investor
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What type of lender for a loan for buying a self storage business with buildings

Cindy Cheng
  • Rental Property Investor
Posted

My lenders that I use for purchasing properties do not do loans for buying a business. I am interested in buying a self-storage business that will come with the real estate on it. What type of lender should I be using for the best rates an terms?

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Erik Estrada
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
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Erik Estrada
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied
Quote from @Cindy Cheng:

My lenders that I use for purchasing properties do not do loans for buying a business. I am interested in buying a self-storage business that will come with the real estate on it. What type of lender should I be using for the best rates an terms?


 Try a local commercial bank or credit union first. If you are not successful, there are several national commercial lenders that can help out with this. Most will typically want to see commercial real estate investing experience for the best terms. 

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