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 would like to get a great rate on the loan."
-- CEO/President/Owner, Retail, Modesto, CA

"Purchase and repair a working family restaruantowner occupied annual income 400k."
-- CEO/President/Owner, Restaurant, Grand Island, NY

"I am wanting to buy some cabins in the Smoky Mountain area to rent out. We currently rent out one using a personal mortgage, but would like to turn this into a business."
-- Buyer, Real Estate, Louisville, KY

"Currently have adj rate want 30 yr fixedjust passed prepayment penalty window."
-- Buyer, Financial Services, East Setauket, NY

"This loan would be for building a child care center. I have been in the business for twenty years. the building that I presently occupy was built for me as a child care center and I have operated here (very successfully)for seven years. I would like to build a new facility larger than I have now to accomodate the waiting list that I have."
-- CEO/President/Owner, Education, Delran, NJ

"Original Finance with owner for 7 yeras. We are 5+ years into deal with him. Plenty of equity."
-- CFO, Financial Services, Plainview, TX

"I presently have a variable interest loan and would like to stabilize payments with a fixed loan. This loan is for a building that houses Medlin Treatment Center which treats sexually abused children. We have been in business over 10 years and have an excellent reputation."
-- CEO/President/Owner, Health Care, Atlanta, GA

"This rental property is NNN and has a tenant. It is 1.25 acres with a manufactured home on it. FMV is $200k."
-- CEO/President/Owner, Construction/General Contracting, Coolidge, AZ

"Purchase price of building is $1,500,000 and a build-out of approximately $150,000 for a total of $1,650,000 total price."
-- Consultant, Health Care, Mesa, AZ

"Need loan to acquire land, and then constuction financing to follow within 3 months.Land sales price is 975,000 for 3.11 acres placed $ 50,000 down.Plans are to build 54,000 sq ft building owner occupied rental space of $ 21,000."
-- Buyer, Financial Services, Suwanee, GA

"The loan is for both land and existing building. It is a retail Fireworks Warehouse coming up for sale due to the leasees death. Owner of the land wishes to sell the property for $300,000."
-- CEO/President/Owner, Equipment Sales & Service, Lufkin, TX

"I am looking into purchasing a 12-plex and/or 6 single family units for which I would need a blanket loan. They all cash flow. DSCR 1.25 or higher. High potential for raising NOI. The properties are located in Tennessee."
-- CEO/President/Owner, Other Business Services, Beaverton, OR

"We have the downpayment. we were prequalified.guarenteed upto 300k. 3 days before closing the lender tryed to move us to a sister company and do a stated loan.with 12% interest. we have signed the purchase agreement.formed our corporation. have the dram shop and insurance, food liscence, staff,supplies, swithced over the utilitiesnow we need to find a reputable lender."
-- CEO/President/Owner, Restaurant, Mount Pleasant, IA

"I am currently a business owner with partners. I am looking for a property to acquire as an investment presently, and as a future site for my own retail area."
-- Partner/Principal, Restaurant, Frenchtown, NJ

"I'm looking to do a refinance of existing loans equaling about 750k plus cash out of about $400,000 or a total loan amount on Real Estate Assets of approximately $2M in value. Loan to value would be around 60-70%."
-- Partner/Principal, Real Estate, Herndon, VA

"Based on our business's current analysis, detroit has one of the most promising business markets. our business plans to provide an affordable and safe apartment home. once the property is occupied we plan to refinance the property to pay the rehab loan so that we may partner with others in downtown detroit commercial properties."
-- CEO/President/Owner, Other Business Services, Riverside, CA

"Business currently operating in leased building. Wish to locate into nearby building which is for sale."
-- Partner/Principal, Manufacturing, Columbus, MS

"This is an auction property in great shape93% occupancy 13-14 units."
-- Buyer, Other Business Services, Randallstown, MD

"We are curruntly carry acomercial loan for this property. This loan must be renewed next year. That's why we are interested in search for a better commercial in the amount of 1.3 M."
-- CEO/President/Owner, Other Business Services, Dallas, TX

"We, the busiess owners own the commercial real estate that we operate our business from.We want to tap into that equity to consolidate all of our business debt into 1 payment as well as have some operating capital for inventory purchases.The commercial property has no current mortgage. We own it."
-- Accounting/Finance, Retail, Jacksonville, FL

"It is a store front with a residential apartment on second floor."
-- Attorney, Legal, Queens Village, NY

"Option 1 - Asking $1.75M for 4400 square feetOption 2 - Asking Sales price is $1.1M for six units - total of 2462 square feet.Option 3 - Asking $950k for two commercial spaces and two residential spaces - commercial are 400 square feet each and residential are 800 square feet each."
-- CEO/President/Owner, Retail, Oceanside, CA

"My mother needs to buy out the exemption trust of my father's half of our vacation home-ranch."
-- Dentist/Physician, Health Care, Cobb, CA

"I currently have a adj rate loan and would like to refi into a fixed rate loan. I currently have over 50% equity on the property."
-- Buyer, Real Estate, Norwood, MA

"I have commercial property that I am building an additional 5000 sf building. The building is a build to suit with a lease back for ten years. There is an existing 3200sf building on the parcel which is currently leased. I expect that the property will apraise for in excess of 965,000. My income from the property will be +/- 6000.00.I will need to close my current 140K mortgage and am looking at refinancing up to 580,000.00."
-- Buyer, Real Estate, Yuma, AZ

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