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

"Sold for $425, I owe $398,and have a 8.5% Int rate. I have had this loan for 2 years.In full payment due in april 2009. Property value $480k - $500k. low 700 credit score. I would like a low Int rate and a little capital to work with. Thank YouJohn Creamer."
-- CEO/President/Owner, Retail, Olympia, WA

"The loan amount is quite small. I am looking to mortgage 80K."
-- Buyer, Health Care, Middletown, NJ

"We have a $60,000 loan through a bank for the property worth about $220,000. We are looking to see if we could get a better loan so we can pay it off in 5 years."
-- Attorney, Legal, Grand Junction, CO

"Building a 2nd office on location. Worth of two buildings and lot worth $650,000. I owe $130,000 on existing building. Want to roll that into new loan on new building."
-- CEO/President/Owner, Insurance, Gardendale, AL

"This would be for a restaurant purchase. It is an active restaurant now. Purchase price is $740,000. I would put down 35% or more to limit the mortgage to $410,000."
-- CEO/President/Owner, Restaurant, Interlochen, MI

"The property that I'm interested in buying is 45,000. It is a garage on a lot 17.5x87.Can I be financed for this small amount?"
-- Buyer, Education, Mays Landing, NJ

"Would like to replace existing $230,000 variable rate loan with a fixed rate loan. Property value in excessive of $2 million."
-- Buyer, Non-Profit, Fremont, CA

"This loan is needed to purchase an existing daycare for $695,000.00 The business is doing very well. I have 10% to use as a down payment."
-- Educator, Education, Conyers, GA

"The office building consists of two units with about 3,500 square feet each. My business has rented the upper unit for 29 years and the current owner is interested in selling the building."
-- Partner/Principal, Legal, Elgin, IL

"This is for a purchase of a home with a home based salon and retail in the lower level of the home."
-- Sales/Business Development, Other Business Services, Eagan, MN

"I own the property that Im looking for a mortgage on outright. Im looking to use the equity in the property."
-- Partner/Principal, Real Estate, Valley Head, WV

"Want a multi family loan on a group of unitsall units are rented section 8 for a total of $11,500/ month in good to excel condition.want 30 year fixed with option to increase monthly payments or intrest only no prepay pen."
-- Purchasing Manager, Real Estate, New Orleans, LA

"Several muti-tenant office blds i would like to re-fin 6% fixed 30/30."
-- Office Manager, Real Estate, Mableton, GA

"This a bar/resturant. w/ apt. need money to buy property and for some modifications along with some money to run the bar in the begining. my credit is shot but I own 2 homes."
-- General Manager, Other Business Services, Scranton, PA

"This is an investor owned building that is leased. Good history with lessee. Building worth approximately $290,000 to $310,000. I am seeking $160,000 loan. There already is a first and second in place on this property through local banks...I seek a re-fi to take them out."
-- General Manager, Real Estate, Dallas, TX

"The property is being sold at 85% of the property value according to the tax role. Can that equity be applied towards dowm payment."
-- CEO/President/Owner, Real Estate, Lynchburg, OH

"We have a land contract on a 4800 sq. ft. daycare center fully furnished. We put 60000.00 down on it 7/1/06 and took the business over. We have two year of taxes, but it shows us having a loss, but we put the money back in the business."
-- Buyer, Other Business Services, Hartselle, AL

"I have leased a building in Nov. of 2007 and now the owner wants to sell. It is zoned High commercial and he is asking 300,000. My grand opening is this week and I have 6 months left on the lease. This is our second location. The first location my father operates and we do about 30-35k per month in business from it. But this new lease has not seen the first day of business untill this coming week."
-- Partner/Principal, Retail, Broken Arrow, OK

"This a blanket mortgage of 2 commercial townhouses with combined value of $3.6mm-4mm....one is tenanted w/nationally known restaurant/bar with perfect pmt history for 11 years...2nd is vacant and up for lease in highly desirable location 1/2 block from 1st bldg. Current mortgage on both is $870,000."
-- Partner/Principal, Real Estate, Washington, DC

"Down payment of $127000 available followingsale of relinquished property scheduled forApril 30, 2008."
-- Partner/Principal, Real Estate, Monroe, GA

"We are a corporation trying to buy out our lease."
-- Office Manager, Other Business Services, Huntsville, AL

"I can refi my existing 5yr term loan but am checking for a better deal."
-- CEO/President/Owner, Real Estate, Brooklyn, NY

"Subject property is KFC Restaurant in operation for 10 years. Purchase price is $690,000 with 30% cash down payment. Seller/Franchisee will lease back property for 20 years with 4, 5 year options. Lease will be NNN, with NOI of $55,000 first year and 10% increase every 5 years."
-- Partner/Principal, Real Estate, Woodland Hills, CA

"A trust owns the building and they want to sell."
-- CEO/President/Owner, Other Business Services, Blue Springs, MO

"We are looking to build a new office building aprox 12,000 s/f (mol) of which my company will occupy 60% at start (rent balance) and then occupy 100% over next 12-24 months. Estimated Appraised value of building is $1.9 Mil, we are seeking 1.5 to include cost of land and construction and construction interest."
-- CEO/President/Owner, Legal, Edmond, OK

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