Rental Property Investor · Savannah, GA · Member since 2018 · 44 posts · 19 votes
I would like to thank everyone ahead of time for your insights and help.
Allow me to start by sharing that my partner and I have acquired two commercial properties, each featuring two units. Both sides of each property are currently under year-long leases. Among the occupants, one unit houses a barber shop and the other a floral shop, while the other two units are leased by a tattoo shop and a clothing store. We made a cash purchase for one of the properties and are currently utilizing seller financing for the other. Having owned these properties for two months, we are now seeking financing from a lender to replace the seller financing arrangement. These properties are situated in Louisville, KY, were collectively purchased for $390,000, and generate an annual income of $41,000.
I am looking for brokers or loan officers in the commercial space.
I would like to thank everyone ahead of time for your insights and help.
Allow me to start by sharing that my partner and I have acquired two commercial properties, each featuring two units. Both sides of each property are currently under year-long leases. Among the occupants, one unit houses a barber shop and the other a floral shop, while the other two units are leased by a tattoo shop and a clothing store. We made a cash purchase for one of the properties and are currently utilizing seller financing for the other. Having owned these properties for two months, we are now seeking financing from a lender to replace the seller financing arrangement. These properties are situated in Louisville, KY, were collectively purchased for $390,000, and generate an annual income of $41,000.
I am looking for brokers or loan officers in the commercial space.
David Buchanon at Republic Bank is also a great option. We've done over half of our commercial debt in Louisville through them.
I would like to thank everyone ahead of time for your insights and help.
Allow me to start by sharing that my partner and I have acquired two commercial properties, each featuring two units. Both sides of each property are currently under year-long leases. Among the occupants, one unit houses a barber shop and the other a floral shop, while the other two units are leased by a tattoo shop and a clothing store. We made a cash purchase for one of the properties and are currently utilizing seller financing for the other. Having owned these properties for two months, we are now seeking financing from a lender to replace the seller financing arrangement. These properties are situated in Louisville, KY, were collectively purchased for $390,000, and generate an annual income of $41,000.
I am looking for brokers or loan officers in the commercial space.
Talk to Ronnie Harris with People's Bank of Lebanon.
I would like to thank everyone ahead of time for your insights and help.
Allow me to start by sharing that my partner and I have acquired two commercial properties, each featuring two units. Both sides of each property are currently under year-long leases. Among the occupants, one unit houses a barber shop and the other a floral shop, while the other two units are leased by a tattoo shop and a clothing store. We made a cash purchase for one of the properties and are currently utilizing seller financing for the other. Having owned these properties for two months, we are now seeking financing from a lender to replace the seller financing arrangement. These properties are situated in Louisville, KY, were collectively purchased for $390,000, and generate an annual income of $41,000.
I am looking for brokers or loan officers in the commercial space.
David Buchanon at Republic Bank is also a great option. We've done over half of our commercial debt in Louisville through them.
Real Estate Agent · Louisville, KY · Member since 2014 · 124 posts · 56 votes
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@Joseph Nance I've got some great recommendations at Liberty Financial and private banker at Republic as well if you want to shop it around. Liberty has been very aggressive with refinances on commercial properties, only catch is one of the members of the ownership group has to be local.
@Joseph Nance I've got some great recommendations at Liberty Financial and private banker at Republic as well if you want to shop it around. Liberty has been very aggressive with refinances on commercial properties, only catch is one of the members of the ownership group has to be local.