BuyerZone users' commercial mortgage loan requirementsWe 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"We make about 5400 net aprox... taxes about 4100/year i realy need to get this loan so i can clear up my credit and some back taxes to become as close to whole again as i can .. as you see the property is doing pretty good." "Currently paying 6% on $454000 balance of a $500000 original loan due in 5 years.I want to refinance at lower rate." "I have run a used car dealership in this location for approx.ten years at the end of 2006 /2007 I got hit with 54 bankruptcies in our buy here pay here business I lost $280.000 I want to do a refi on this property no cash out just looking for a great rate." "Collateral offered: 178 unit apt complexCash Flow = $22,000 to $25,000 per monthDebt service = $42,000 per monthDate of most recent appraisal: 6-29-1997Purchase date: January 1997Appraised value: $12,650,000." "We are a 2-member LLC with real estate investment properties in Connecticut. We are looking to grow our portfolio with a 20+ unit apartment complex out-of-state (exact property is yet to be identified)." "We would like a fixed rate mortgage for 15 years with 25 year amort." "We own a prime view piece of commercial property in Mount Carmel Utah. We will be developing only 1-2 of the acres to build high end condominiums as art lofts for American painters. In all we own 48 acres which includes the Maynard Dixon Living History Museum. There is no debt on this property.Adjacent to the property is our commercial building which is an art gallery an headquarters for all local operations." "We are needing the loan to build a new clinic. We have been in operation for 2 and 1/2 years. I am a nurse practitioner and I own the business. We operate in a rural area in Whitesville, KY 42378. The clinic is very successful. Up til now, we have been leasing a space that we, ourselves remodeled. We have simply outgrown this office." "I plan to put 15% down on this property. Our company would move into the building after renovations. I am 100% owner of the company and the company would be sole occupier of the property." "17 unit apartment building in Detroit 90% occupency. 5 years ago appraised for $230K. Current loan is $117K. Many upgrades and improvements." "We have no employees. We are a place of worship. We are looking to consolidate a $8,000 lowes at Lowe's and our current Mortgage. Our property is valued at $300,000 or more. We would like to have one bill. our congregation is 25 families." "Negotiating a 15 unit apartment complex (3-4 unit apartment buildings and 1 triplex on two adjacent lots being sold as a package. Price will be between $850K and $875K. Looking to put 10% down and finance rest using LLC." "I do own my home and another piece of commerical real estate but do not want to use them with this loan." "This is a serious request. Not looking to be harassed. I have a strong balance sheet and a solid fee simple property I am an accepted LOI on. Interest rate target: <6.5%, >25 yr amort, >5 yr fixed, Property is 1.2M I can put in 35%." "Current value of land and building is $3,225,000.00 curnt notes $860,000.00. Existing Loan to value is 27%. Started first phase towards development of 70,000 sq. ft. commercial retail center. Need Bridge loan until suitable construction loan is in place." "We are a current customer with Bank of America and in adjustable rate. We want to refinance with a fix rate and get some equity out to do minor renovation upgate our property." "New hotel location I 70 in Illinois this is a flag hotel." "This is to refinance a $ 450,000 balance on a commercial retail property recently appraised for $ 890,000." "I have a primary on the building for 1.2MM. The secondary is 200k. The primary is at 5 year balloon that needs to be refinanced. I am opened minded to anything. If we can refinance and combine both primary and secondary together that would be great. Also if possible I would like to also consolidate the commercial build and the credit card debit. If not then just the building would be ok." "Purchase Price 1,610,000Income 115,000/yrExpenses 9,500/yr25 (23 remaining) yrs tax abatement8 separate boilers, tenants pay own heat,electricity." "Currently have a 5-year on part of the property additonal property has become available that is adjacent to my business, so by cutting an opening into the wall I could expand into the additional space." "I am try to refinance for a few reasons, to consolidate high interest loans (credit cardsect.) and buisness expantion!" "Property is is been sold on court order and is price below market. business is still active. Second property is an aqisition as part of a business package." "Orthodontist office condo which I will be providing orthodontic services out of." "Currently have a loan on the land with entitlements of mixed use/med.density soon. Bank would like not hold land in their portfolio at this time and thus would like us to find other finanacing." 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