Updated almost 7 years ago on . Most recent reply
Small commercial property (1314SF) financing?
Hey guys I need a little help/advice. I’ve locked up a lease option on a small commercial property and the house behInd it, that’s been vacant for five years. Since banks are not friendly to this kind of property, how would you go about financing the repairs. I plan to buy it in a year with bank financing, but right now I need to get it up and running. It needs 40k and House needs 25k. I’m starting on the roofs of both and then using my cash to get the house rent ready. Since it’s a lease... I can’t offer a lien on the property as many private lenders want. Any advice?