Looking for a commercial lender for a bar space

Flipper/Rehabber · Reno, NV · Member since 2016 · 235 posts · 35 votes

I have the opportunity to purchase a bar (not the business, just the building) at a major discount. This place is in the path of development in a up-and-coming neighborhood. Anybody know a good lender I should reach out to?

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Jared RineBusiness Member
Lender · Sacramento, CA · Member since 2009 · 1k+ posts · 277 votes
7y
@Sam Stout..is it in Truckee? or different area of Northern CA?
What purchase price are we talking? Are you going to run the business or what's your plan once you purchase? If you're going to run, do you have experience?Some of those answers are going to determine your lending options, but being that it's a special-use asset type and if it's in Truckee or similar, location can be a kicker, might have to go private money to take it down and then refinance or find an aggressive SBA lender. Pm me if you want.
Thanks,
Jared
Jared Rine United Lending Partners53 Reviews
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