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

"Looking to lower payments 26 years in business had no credit issues before dec 08."
-- Office Manager, Construction/General Contracting, Phoenix, AZ

"Purchase of commerical Building that is fully rented and has good income.Two rental incomes. One for 30 years and the other for 15 years."
-- Buyer, Real Estate, Tarrytown, NY

"Under the company, we have 4 apt. purchased at year 2005 all paid by cash with each $82,000-$98,000). rental has never be vacant. now company need some cash. so we would like to use these 4 apt (ttl market value about $360,000) as collateral to borrow about $100,000."
-- Buyer, Real Estate, Hightstown, NJ

"I have purchased a 1.23 acre with a single family home on the property. The home was appraised in 2007 for the amount of $240,000. There are currently two liens. 1st for $137,000 and the 2nd for $40,000.The land is zoned light industrial.I need to refinance these loans. I have the property with a tenent on a three year lease."
-- Partner/Principal, Construction/General Contracting, Capitol Heights, MD

"I would like to start moroccan fast food delivery and pock up, i have been working for pizza hut for the past 12 years.now i need to start my own."
-- Buyer, Restaurant, San Antonio, TX

"Looking to refinance property. Current value is $250,000. I owe $180,000. I have recieved a grant from the city of Bristol, CT totalling $99,900 for building upgrades. I am also looking for a short term $100,000 loan to complete the renovations. I have to pay for the renovations upfront and then the city will reimburse me within 6 weeks of work completion. The building will be worth $350-400K when the renovations are complete."
-- Buyer, Real Estate, Bristol, CT

"Looking for a lower interest rate on a 5 year lock."
-- CEO/President/Owner, Other Business Services, Milwaukee, WI

"We are looking for a better rate on our current mortgage."
-- Accounting/Finance, Construction/General Contracting, Willow Grove, PA

"The building is currently a successful animal Hospital, but the owner wants to sell the property. I want to open a Dog Day Care Business in a 61 Billion dollar a year industry. I will Be a owner Operator, and Have the funds for any renovating issues..The loan (mortgage) is just for the Property."
-- CEO/President/Owner, Other Business Services, Matawan, NJ

"I have 640 acres existing property with a golf course running through the middle of the property. I need to complete roads, sewer, landscaping, model homes for single family and multifamily units, cable lines, fiber, electric, etc. The property has 22 million dollars invested in it. It is located near Kinston, N.C. in a NC global Trans Park where Boeing Company's aircraft parts manufacturer, Spirit Aerospace will be relocating."
-- CEO/President/Owner, Real Estate, Washington, DC

"I am looking to get a financing for a 2-4 unit or 5+ units residential property in Chicagoland."
-- Buyer, Real Estate, Villa Park, IL

"This property is a house and a dog/cat boarding, grooming, training kennel. We live in the house, and it is our primary residence. We do have a 100% comm. loan, not sure if it can be split up, part residential loan, etc. We did not live in the house at purchase time."
-- Partner/Principal, Other Business Services, Boxford, MA

"Purchasing a mall,theatre,and retail store.have a full package and have already given20%to seller that can be verified."
-- Consultant, Financial Services, Parma Heights, OH

"Property is a 50 acre marina,a combination of wet births&dry storage.no existing loans on property."
-- CEO/President/Owner, Other Business Services, Bay Point, CA

"Our home has been zoned commercial and we are looking to move our business in as well as developing as commercial."
-- Buyer, Transportation/Logistics, Ellenwood, GA

"This property is being purchased by a group of 4 investors."
-- CEO/President/Owner, Real Estate, Plainfield, IL

"I have 2 commercial ballons up for rewewal. My lender has offered me a rate that I find unacceptable. The 1st ballon was 15yrs ammort with 5 years. I have never been late on a payment. I have just payed off $70,000 in credit bills. I own nothing but the notes on thee 2 properties and my home."
-- Engineer/Programmer, Manufacturing, Franklin, GA

"We own and operate a small building (2 years old) on 16 acres of land and there is also a 50 X 70 newer pole shed. It is used for business. We currently have an arm loan with our bank and the local bank doesn't offer fixed commercial loans, which we are looking for."
-- Office Manager, Financial Services, Mondovi, WI

"I need to have pre approve loan to built 1500 sf, bake shop."
-- Buyer, Other Business Services, Junction, TX

"I just looking to lower my interest rate I,m sitting at 8.2% My and my wifes credit rating is around 790 been in business for about 5 Years with no late payments."
-- CEO/President/Owner, Construction/General Contracting, Ottawa, IL

"Property is located at one of the top 3 busiest (verifiable by traffic counts) intersections in Tucson Arizona and is currently under lease to a national franchise business."
-- CEO/President/Owner, Retail, Tucson, AZ

"I have 35,000 left on my morgage my payments are about 2300 and I need some operating capital to maintain the busness."
-- CEO/President/Owner, Restaurant, Austin, MN

"I currently lease a property and would like to purchase a larger property to expand the business."
-- Accounting/Finance, Retail, Williamstown, NJ

"I am interested in refinancing a recent seller-financed condo space."
-- Dentist/Physician, Health Care, Austin, TX

"My father wants to retire and sell the business to myself and my brother. We have both worked in all aspects of the business and feel we are in a strong growth cycle despite the economic problems the nation faces at this time. Being the only Scrap metal recycling center within a 30 mile radius, we feel the growth opportunities are unlimited. fiscal year 2008 the business gross revenues were just under 1 million dollars and projections are on track for another outstanding year. We are looking for a commercial mortgage to purchase the business, land, buildings, house on property, equipment and inventory."
-- Partner/Principal, Other Business Services, Rolling Prairie, IN

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