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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
4
Votes
Tony C.
  • Investor
  • Atlanta, GA
4
Votes |
34
Posts

Commercial lending on "distressed" assets

Tony C.
  • Investor
  • Atlanta, GA
Posted

Hi BP - there may be an obvious answer to this question: do big banks usually lend on commercial assets that are vacant upon purchase? If I plan to purchase the property as is, demo all the structures on the land, and rebuild, will a big bank help, in terms of lending, on the purchase + demo + rebuild costs? 

If not, alternatively, what are feasible options for seeking financing for purchase + rehab + rebuild?

Thanks!

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