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

"Total Price is 2.4 million for this motel property ,,, I need loan for 1.9 million,,,I am putting 500000.00 Down payment on it my own money."
-- Buyer, Real Estate, Chandler, AZ

"I am leasing the property right now and would like to purchase it. It is a three year lease and i have had it for about 2 years."
-- Buyer, Restaurant, Gladwin, MI

"I have not had any type of commercial business purchase, i would like to purchase an stablished (over 10yrs) gentlemen's club, i would like to put as little down as possible 10% and finance the rest as long as i can to keep my monthly payment's reasonable. My credit is paid on time, but i do not have available credit do to a restaurant and family emergency in South America. i have used most of my available credit. I own a home, but i have no equity left."
-- CEO/President/Owner, Financial Services, Providence, RI

"The B&B is new they just modernizd the whole place and are putting in a new well."
-- CEO/President/Owner, Travel/Hospitality, Meredith, NH

"I represent the board of director, we are looking to refinance the mortgage about 900,000 is due by nov 07, and also to apply for a line of credit of $300,000. is about 40 unit.ThanksFela Wong."
-- CEO/President/Owner, Real Estate, Flushing, NY

"We have been in business for approx. 2 years selling inventory and about 3 months full time. Both my spouse and I had to quit our full time jobs to work full time on our business of selling used parts and used vehicles while offering towing services. We need to expand our current land and building supply for room for inventory and warehousing."
-- CEO/President/Owner, Retail, Licking, MO

"I current loan is comming due and must be refinanced. The building is currently 100%occupied. It is also owner occupied."
-- CEO/President/Owner, Real Estate, Phenix City, AL

"Loan for a multi office complex that i will be a tenet in."
-- Sales/Business Development, Insurance, Greenbrier, AR

"Re-fi a 2 family house in clinton new jersey value app 400,000 and have existing 30,000 loan. Just did new windows and siding and replaced a boiler to the tune of 20,000 want to re-fi the house long term for 100,000 the rental income is 2100.00 per month with taxes and ins about 700.00 per month."
-- Buyer, Real Estate, Washington, NJ

"There is a current note payable to a privateparty on this property. the property was recentyl appraised at 1.2 million dollars. the party that has the note wants to be paid so i am looking for financing."
-- CEO/President/Owner, Wholesale, Houston, TX

"Client owns gentlemens club for 2 years. F&C. pull $525,000 out - appraised for $700,000. mid score: 660."
-- CEO/President/Owner, Financial Services, Scottdale, AZ

"How much is the interest rate:with a 10% down paymentdo the interest rates vary with the number of the length of the loan?female owned business."
-- Buyer, Real Estate, Dallas, TX

"Proceeds to be used to catch up with mortgage payments.My collateral is between 50 tp 60% LTV."
-- Partner/Principal, Financial Services, Kahului, HI

"I am prepared to make a downpayment of 20% on this business. It has maintained a positive cash flow with a cap rate of at least 10% for the last two years. The rents are currently 50% to 70% of the market rates in its area."
-- Partner/Principal, Real Estate, San Diego, CA

"The property I am interested in is a 10 unit apartment complex, fully occupied with each tenant currently paying $480.00 per month. I would like as much information as possible detailing my minimum out of pocket expenses for obtaining this property. I have excellent credit and a greta wok history with my present employeer for over 16 years now."
-- Buyer, Construction/General Contracting, Fort Mill, SC

"Have been approved at local bank at 8 3/4 % with 1 point. Looking for a better deal."
-- Buyer, Transportation/Logistics, Glen Burnie, MD

"We currently own the property at our Business. The property is valued at approx. 1.3 million. We have had a childcare business there for just over 2 years serving 100+ children. We are looking into some consolidation, expansion, and improvments to the facilities to be able to serve more children."
-- CEO/President/Owner, Education, Trinity, NC

"This is a property that has been zoned commercial but was residential. It has a home on the property in which a Business is being run. People are also living in the home."
-- Sales/Business Development, Transportation/Logistics, Sandy, UT

"This bldg has a total of 3600 sq ft broken into 2400 and 1200 office space. I would occupy 2400 sq ft and rent out 1200 sq ft."
-- CEO/President/Owner, Retail, Rochester, NY

"I am a commercial r.e. dev/investor. i am wanting financing on a .85 ac lot with a 18,000 sq. ft. bldg. i have other commercial properties and have always used conventional banking -- i would like to have other resorces for financial needs other that the bank i currently have 90% of debt with."
-- CEO/President/Owner, Real Estate, Jonesboro, AR

"Buying existing medical building to remdel into outpatient dialysis unit & medical office."
-- Dentist/Physician, Health Care, Oklahoma City, OK

"Need business loan with little down payment.also just bought a house 6 months ago.the business that im wanting to buy has books on their income from last year,belive they grossed somewhere around $200,000."
-- Buyer, Other Business Services, Fayetteville, AR

"I have recently completed construction of an office building that is valued at 145000. I currently have a construction loan in the amount of 75000, I have 26000 invested of personal funds. I am interested in a loan in the amount of 115000 to retrieve my intial investment and payoff my construction loan."
-- CEO/President/Owner, Construction/General Contracting, Murray, KY

"Have leased property for 5 years need to purchase property by 12/31/07."
-- General Manager, Other Business Services, Rockford, IL

"The balance on the loan is $40,000 and I would like to take some money out."
-- CEO/President/Owner, Legal, Whittier, CA

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