Commercial Property (Bar & Grill, Parking Lot)

[Gary Tucker]

Investment Info:

Commercial Property investment with interior and exterior renovations. Also bought adjacent lot for parking.

What made you interested in investing in this type of deal?

Location. Property is situated on busy highway with easy parking access.

How did you finance this deal?

Negotiated a 20% down with seller financing for 5 yrs, then a 15 yr commercial cash out refi with local bank.

What was the outcome?

Property is getting 25% annual ROI

Lessons learned? Challenges?

Financing for bar/restaurant properties can be difficult.