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Updated almost 13 years ago on . Most recent reply

User Stats

261
Posts
71
Votes
Jim S
  • Real Estate Investor
  • Virginia, DC &, MD
71
Votes |
261
Posts

Commercial property inspections by bank

Jim S
  • Real Estate Investor
  • Virginia, DC &, MD
Posted

I have had a mortgage on a warehouse building for 5 plus years. The bank who holds the loan left a message that they want to do a property inspection. I have not heard from them concerning the property at all except to request yearly financials. Are banks requesting property inspections normal? I am worried that they are going to try to screw with my loan as I have heard that the commercial division of this bankis in trouble and laying off employees. Should I be paranoid?

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