Purchasing Owner Occupied Commercial Property
Owning Commercial Property Vs. Renting:
Dispite a recession or depression here or there, over history 90% of weath has been earned through owning commercial real estate. That is why your commercial landlord is weathier than you are and always will be, as long as you pay rent for your premises.
Recessions Are Good:
Recession flush out the the excesses of over pricing and greed. Many an astute entrepreneur has built his/her fortune by being a counter cyclical purchaser of commercial property. Now is a great time to be conter cyclical.
The Present State of Owner Occupied Purcase Financing:
The great majority of Owner Occupied financing used to be done at 10% to 20% down by the people who brought you the present financial crisis. They are now licking their wounds and on the sidelines.
The remainder of Owner Occupied financings at 10% to 20% down were normally done through the SBA, or the USDA, but the Banks that offered those loans now can't afford their 50% share of the risk. So they too are on the sidelines.
Those Banks that are still in good shape and offering SBA and/or USDA loans are frankly not too excited about this business and the attending paperwork, so approvals, or declines, often take 6 months, or more. Not too many Purchasers or Sellers like waiting 6 months for a Nay or Nay!
CMS Funding To The Rescue:
There are certain Banks that specialize in only doing Government backed loans for the small business community. Each has their niche, whether it be SBA 504, SBA 7a or USDA B&I ---
and they work for us!
Here are the advantages of having CMS Funding on your side, if you have found the perfect property to house your business and are ready to have that property pay for your retirement:
If you supply the above, we can have a loan offer from the best lender that meets your goals, needs and qualifaction --- within a week.
Fees:
We do not charge upfront fees.
At the time we present you with a written loan offer (Term Sheet) a $500 processing fee will be charged that will be deducted from our commssion earned upon closing.
Making the Landlord's profits yours.
Sincerely,
Arthur
860-946-6637
Dispite a recession or depression here or there, over history 90% of weath has been earned through owning commercial real estate. That is why your commercial landlord is weathier than you are and always will be, as long as you pay rent for your premises.
Recessions Are Good:
Recession flush out the the excesses of over pricing and greed. Many an astute entrepreneur has built his/her fortune by being a counter cyclical purchaser of commercial property. Now is a great time to be conter cyclical.
The Present State of Owner Occupied Purcase Financing:
The great majority of Owner Occupied financing used to be done at 10% to 20% down by the people who brought you the present financial crisis. They are now licking their wounds and on the sidelines.
The remainder of Owner Occupied financings at 10% to 20% down were normally done through the SBA, or the USDA, but the Banks that offered those loans now can't afford their 50% share of the risk. So they too are on the sidelines.
Those Banks that are still in good shape and offering SBA and/or USDA loans are frankly not too excited about this business and the attending paperwork, so approvals, or declines, often take 6 months, or more. Not too many Purchasers or Sellers like waiting 6 months for a Nay or Nay!
CMS Funding To The Rescue:
There are certain Banks that specialize in only doing Government backed loans for the small business community. Each has their niche, whether it be SBA 504, SBA 7a or USDA B&I ---
and they work for us!
Here are the advantages of having CMS Funding on your side, if you have found the perfect property to house your business and are ready to have that property pay for your retirement:
- We can steer to to the best program for your circumstances
- We keep paperwork to a bare minimum
- Our lenders have "Preferred Provider" status fron the Government
- Down payments are usually 10%
- We can get you a commitment is one (1) week
- We work to make the deal, not to kill the deal
- We can usually close your loan in 45 to 60 days
- Personal Financial Statement (Download under Forms)
- Credit Report (We can pull if give permission)
- Pictures of Property
- Assessor Report on property
- Seller's Last 3 years Business Tax Returns
- Your last 3 year's Business & Personal Tax Returns
- Short Bio showing business experience
If you supply the above, we can have a loan offer from the best lender that meets your goals, needs and qualifaction --- within a week.
Fees:
We do not charge upfront fees.
At the time we present you with a written loan offer (Term Sheet) a $500 processing fee will be charged that will be deducted from our commssion earned upon closing.
Making the Landlord's profits yours.
Sincerely,
Arthur
860-946-6637
