obtaining financing for commercial real estate investment from brian fielding
TRANSCRIPT
How to Get Commercial Real Estate FinancingBrian Fielding of Fielding PropertiesCommercial Real Estate Advisor
Tenants Matter – A Lot Your credit and financial credibility obviously
matter, but that’s not all When it comes to commercial lenders, they will
look at you as well as your tenants. The more credibility your tenants have (the higher
their credit score is, and bonus points if they are a national or large regional business), they will be more likely to lend you more.
Sometimes as much as 50-75% of your purchase.
Other Means to the Same Ends Banks and large financial institutions are not the
only places to find commercial lenders. Family, friends and more might all be willing to lend
you money for a commercial real estate venture once you have proven yourself to demonstrate proficiency.
Peer-to-Peer lending sites can be helpful to, but be wary.
Always make sure you can afford to lose.
Sometimes More IS Better When starting your first commercial real estate
endeavor, it might be beneficial to bring in someone else to split the cost. Try to find someone with experience in the industry,
who can guide you through the process, what to look for and what not to do.
Need More Advice? Visit http://brianfielding.com for more information
and advice on commercial real estate investing.