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Updated over 3 years ago on .

Kevin Smith's profile image
Kevin Smith's profile image
Kevin Smith
  • Investor
  • from Texas
  • Member since Sep 21, 2021
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Kevin Smith's profile image
Kevin Smith's profile image
Kevin Smith
  • Investor
  • from Texas
  • Member since Sep 21, 2021
Connect
Kevin Smith
  • Investor
  • Texas
0
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Mortgage Brokers & Lenders

Commercial Loan Question (Approve or Reject with no Plat)

Kevin Smith
  • Investor
  • Texas
Posted

Hey All! Does a commercial lender need to have a property platted in order to provide the loan?

In short, the shopping center is not platted and it's essentially a shared lot with the property beside it. They are completely separate buildings (500 ft. apart) but share water connections, entrance easements and such.

Can anyone speak on this? Thanks in advance!

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