Things You Need to Know Before Getting a Commercial Real Estate Loan

1. This property will use as owner occupied or Investment- it's very important question because it will effect the interest rate and the Loan program. 2. Do I have all the current operating statements and Rent Roll, if you don't have them work on it fast- you can't do the Loan without them, commercial banks usually asking for these statements to know the Rents, the Income, expenses of the subject property and how you manage the property as an Investor. 3. At least 2 years Tax Returns- some banks will not ask for it but they will get you a higher Interest Rate and put you in a different program, other banks will not even talk to you without Tax Returns. ...

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