BuyerZone users' commercial mortgage loan requirements

We ask users of our quote request service to describe their commercial mortgage loan purchasing requirements in detail so the vendors we match them to can provide customized information in response. Now we're sharing these buyer requirements with you.

We hope these user comments help you get a sense of what types of commercial mortgage loans other users are choosing and what considerations are important to the average buyer. Take a look and you'll probably see some responses that are relevant to your business.

BuyerZone user comments: commercial mortgage loan purchasing requirements

"I want to get a zero point rate for purchase of a condo in a 3 floor building which is part of a complex of 200 units. The condo is appraised at about $230,000 and the rate should assume no more than 30% down."
-- Buyer, Real Estate, Chestnut Hill, MA

"We want cashout for business debt consolidation then just make one payment possibly interest only program option if necessary."
-- CEO/President/Owner, Consulting, Riverside, CA

"We are seeking a re-fi on the current property for futher business ventures. Property has very high commercial potential that is not currently being used."
-- CEO/President/Owner, Other Business Services, Terre Haute, IN

"The eva t horton foundation has already a church christian youth center thrift store in this building, we now wants to add a half way house for men and women. witch is much needed in this area. the landlard needs to sell because he needs money to pay off some much needed bills. since we are here we would like to find a linder that would work with us to buy this building. i need some one to take a change on me to help me help others in need. you want be sorry."
-- CEO/President/Owner, Non-Profit, Mccomb, MS

"Refi no cash out,only rate and term 50% LTV office condo in surprise arizona."
-- Partner/Principal, Real Estate, San Diego, CA

"I Currently own 40% of a business and 50% of the building worth approx $700,000I am going to buy-out the 60% share of my partner and his share 50% share of the building."
-- Consultant, Agriculture, Newburgh, NY

"I'm looking for a rate and term refinance fixed for 10 years on a 15 or 20 year am.Loan amount of 800K to 850K value is 1,250,000. I'm looking for a rate between 5.875 and 6.25. ASAP."
-- CEO/President/Owner, Real Estate, Lakewood, CO

"I personally own this building and lease to the company. I want to cash out the extra cash to grow my business."
-- CEO/President/Owner, Wholesale, South Houston, TX

"The final details are not worked out yet, but the purchase price will be between $500K and $550K with the seller holding a note between $150K and $200K at 5%. The place has a viable business paying a little more than $3000/mon., plus there is an office, or apartment, on the second/third story that can be repaired at minimal cost and rented for about $1,000/mon."
-- CEO/President/Owner, Real Estate, Penn Laird, VA

"My customer is seeking a 30 year fixed rate mortgage at 80% LTV. When the property was appraised, the 2700 Sqft business was given not value. The house inwhich he resides for the past 20 years, appraised for $123,000.00. He needs 80% of this amount. He has been in business for over 30 years, and has had his business located here for the past 20 years."
-- CEO/President/Owner, Consulting, Pensacola, FL

"Land Purchase Cost $ 2,000,000Pre Construction Cost$ 1,500,000Construction Cost $56,000,000."
-- CFO, Construction/General Contracting, Everett, WA

"Current loan balance 1,867,899 at floating interest set at Ney York Prime. Am seeking fixed rate quote."
-- General Manager, Other Business Services, Belle Rose, LA

"I really need help with financing the down payment, so far the banks i have spoke to tell me that is not possible on commercial. I was looking for a second opinion."
-- CEO/President/Owner, Other Business Services, Kingston, PA

"We are a publicly-traded company and own this property. Company has a senior lender who is willing to carve this property out of their security. The company has been operating for 13 years."
-- CEO/President/Owner, Financial Services, New York, NY

"The 2nd mortgage is a 3 year arm and i'm going on my 3rd year would like to refinance to expand my business and try to lock in on a fixed rate.."
-- CEO/President/Owner, Other Business Services, Alexandria, VA

"As stated above refinancing out of deceased father's name to our corporation. I am the trustee and beneficary of the estate. I am not sure how I need to proceed."
-- CEO/President/Owner, Restaurant, Clarksville, TN

"I own a commercial building in Denver. It's consevative value is 800K. I would like to get cash out for repairs and to expand my business. I am a landlord. The building is paid for and has positive cash flow."
-- CEO/President/Owner, Real Estate, Denver, CO

"Possible construction of a 50,000 sq foot office building would need financing to buy land and construct building."
-- Partner/Principal, Real Estate, New York, NY

"Need commercial loan for purchase of 8 SFR homes in Malakoff, TX. Loan amt approx $222,000 with 10% down. Credit score 690. I own my own home and other investment property. 7 of 8 homes currently rented, income approx $40k/yr."
-- Buyer, Real Estate, Gun Barrel City, TX

"I am seeking financial backing to purchase an 8 -12 unity property, 100% occupied with a debit ratio of 1.2%."
-- Buyer, Real Estate, Burbank, CA

"Refinance. This is a four unit which I operate a business out of, live in one , and rent the other two units."
-- Dentist/Physician, Health Care, Sunbury, PA

"Wish to refinance $200,000 and add $150,000 addtional. Current apppraisal is at $700000.Located in NYS Empire Zone."
-- CEO/President/Owner, Real Estate, Schenectady, NY

"I am looking for a commercial business loan to purchase land and construct a multi family apartment complex. I do not want to use any personal real estate for collateral."
-- Buyer, Other Business Services, Carbon Hill, AL

"I would prefer a 20-30 year loan a fixed interest rate and no prepayment penalties."
-- Buyer, Biotech/Pharmaceuticals, San Diego, CA

"Fortune 500 tennant. 3% annual incrases in rent. 4 year lease with two year renewals with 3% increases in rent annually."
-- Partner/Principal, Real Estate, Wheeling, WV

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