| The idea of purchasing a commercial
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| | pub. They will want to know what the
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| property is that it is well suited to the
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| | growth potential is and if the commercial
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| needs of your business. This can and is
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| | property will meet those needs.
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| defined by several factors and they will
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| | The commercial lender will not give you a
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| all be considered when you apply for your
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| | commercial mortgage if the property is
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| mortgage. The commercial lender will look
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| | too big or not big enough to meet the
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| at your business and what it does and how
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| | expected needs of the business. If the
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| it will relate to the commercial property
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| | property does not have enough parking for
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| in question.
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| | peak customer traffic, it will mean you
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| If your company makes widgets, the lender
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| | could loose business.
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| will want to know how long you have been
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| | The lender will want to know if there is
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| making widgets. They will also want to
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| | enough space for the number of employees
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| know what your growth rate has been over
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| | required and if the kitchen is large
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| the time you have been making widgets.
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| | enough to meet thier needs. What is the
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| They will look at the property to
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| | maximum seating capacity of the building
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| consider whether it will meet your needs
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| | and how much will the average customer
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| for making widgets during the lifetime of
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| | have to purchase to make the payments.
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| the loan.
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| | There are many similar small things to
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| The lender will want to see that you will
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| | consider when deciding if the commercial
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| have room to grow and that you will grow
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| | property being looked at is a good deal
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| to fill the space. They will also look at
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| | for both you and the lender. The list of
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| the location of the property to see how
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| | things that can make or break a property
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| that is going to work with your widget
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| | deal is very long and it does change from
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| manufacturing needs. Do you have good
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| | business to business.
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| access to roads that can handle the
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| | For example for some businesses, it may
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| volume of traffic that will be generated?
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| | come down to waste removal. If your
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| Will there be adequate parking available
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| | business is involved in agriculture, it
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| for staff and customers? Does the
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| | could come down to the smell. Is the
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| location provide room for expansion if
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| | location of your farm upwind or downwind
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| your growth rate is more then expected or
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| | from a population center?
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| will you be moving in a couple of years?
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| | If you are upwind from a population
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| What tax incentives are available on that
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| | center, there could be some issues as
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| property and how long will they be
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| | locals oppose your being there. This
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| available for that property? Are the tax
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| | could create a different kind of pressure
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| incentives a one-time offer or are they
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| | on the lender that could make the
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| able to be extended to make the property
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| | property less desirable for the
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| more appealing.
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| | commercial loan. An independent broker
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| The things that will make a commercial
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| | could help out with this type of issue.
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| property desirable will change depending
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| | It does not make any difference what your
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| on what your business is. If you want to
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| | business is, what will make all the
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| open a pub, your needs will be very
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| | difference is what your business needs
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| different from that of a factory. The
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| | are and will the commercial property meet
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| lender will want to know that the
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| | those needs. The definition of a good
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| property is in a good location to
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| | commercial property is one that will meet
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| maximize the profitability of the pub.
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| | all your current and long-term plans.
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| The property could be located across the
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| | If it does, it will make it easier to get
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| street from the factory we talked about
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| | the commercial mortgage you are looking
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| in the previous example.
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| | for. It will also help you to get better
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| The lender will again look at your past
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| | rates and conditions on your commercial
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| performance in regard to operating pubs
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| | financing.
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| to make sure that you know how to run a
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| |
|