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Updated over 1 year ago,
Financing options for commercial property
Looking for recommendations on possible financing options for a wedding venue my fiance and I own
Background: we both left our W2 jobs in 2021, and started our own company renovating homes. Our first year, we made over $400k. Our second year, due to tax write offs, we made $80k
We purchased an old church and have turned it into a wedding venue. We have a lot of our capital tied up in this project, and are wondering if there are any options available to us to pull at least some of our equity out of the project, so we can use it for other projects
This building has never been a wedding venue before, so there will be no history of income on it. If you have any ideas for financing options, please reach out to me, and I can send you any additional information needed
Thank you in advance!