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Updated almost 8 years ago,
Need help, first commercial deal
Hi,
I am interested in a commercial office space property. My realtor wants me to be loan approved before the property releases its financial history. This seems counterproductive since every lender I've ever spoken with says that my credit and down payment could be perfect but the proven cash flow of the property is single most important thing for getting a commercial loan.
How do I get my realtor or the seller to understand this without seeming like I'm trying to get something for nothing? What do commercial sellers usually accept as proof of a serious first time investor?
Cheers,
Damon