Commercial Loan officer/Broker

[Joseph Nance]

I would like to thank everyone ahead of time for your insights and help.

Allow me to start by sharing that my partner and I have acquired two commercial properties, each featuring two units. Both sides of each property are currently under year-long leases. Among the occupants, one unit houses a barber shop and the other a floral shop, while the other two units are leased by a tattoo shop and a clothing store. We made a cash purchase for one of the properties and are currently utilizing seller financing for the other. Having owned these properties for two months, we are now seeking financing from a lender to replace the seller financing arrangement. These properties are situated in Louisville, KY, were collectively purchased for $390,000, and generate an annual income of $41,000.

I am looking for brokers or loan officers in the commercial space.

[Michael Seeker]

Quote from @Joseph Nance:

I would like to thank everyone ahead of time for your insights and help.

Allow me to start by sharing that my partner and I have acquired two commercial properties, each featuring two units. Both sides of each property are currently under year-long leases. Among the occupants, one unit houses a barber shop and the other a floral shop, while the other two units are leased by a tattoo shop and a clothing store. We made a cash purchase for one of the properties and are currently utilizing seller financing for the other. Having owned these properties for two months, we are now seeking financing from a lender to replace the seller financing arrangement. These properties are situated in Louisville, KY, were collectively purchased for $390,000, and generate an annual income of $41,000.

I am looking for brokers or loan officers in the commercial space.

David Buchanon at Republic Bank is also a great option. We've done over half of our commercial debt in Louisville through them.