All Forum Posts by: Devante S.

Hello, I am a WI realtor focusing in on helping multiple clients acquire commercial investment properties outside of just residential investment - (Office Spaces, Motels, Operating Businesses, Etc.)

However, my buyers and myself have been running into a consistent issue - banks requiring 25/30/40 percent down payments on the commercial real estate. This requirement is simply not achievable for some of my newer investment clientele, which is a tough cookie to swallow when a lot of these folks have big dreams and aspirations, and an ability to finance these at a slightly lower rate.

Some people in my network have no issue with this, but for those that want to invest commercial but can’t make the down payments, I am asking the BP community to share any insights on commercial loan loop holes, decreasing down payments, maybe even ‘loaning’ down payments, whatever is feasible.

I know it seems far fetched, but I will always see if there is any possible way to make something happen for my clients no matter the request. Thanks.

@Greg V. Sorry Greg I got in trouble for trying to contact you and they deleted my comment. Not sure if it’s against BP rules to share contact info on forums. Have any ideas?

@Alecia Loveless I greatly appreciate the advice. It is just been a head scratcher to think of how to market it to investors who really want to see previous business numbers and cap rates. The current owner has been fairly relaxed with the business and uses it more as retirement activity. The business has also stopped producing grapes.

I think you’re entirely right with saying that this is a gold mine for someone out there, I think if I can convince the seller, this place could become just that. Thank You!

@Bruce Lynn I appreciate that Bruce, maybe it is just more aggressively going after this and making something happen.

I remember hearing the quote “Jump and grow your wings on the way down.”

@Mason Moreland Hey Mason, thanks for the input.

I had no idea about the Ag Credit since I’ve never worked with such a thing. I suppose this could be considered such because there is over 15 acres, but the owners from what I understand do not actually make any wine or grow any grapes anymore.

As for the business, it is now strictly weddings, but the owners don’t do business too aggressively, more of a relaxed pace with maybe 20 events a year.

I think listing residential with ‘potential’ business might be the route to go, if I can convince them! 😁

Hello All! It’s been a minute since I’ve used the BP forums but this one is a beautiful deal with a tricky solution.

I have an acquaintance that owns a beautiful winery themed wedding venue surrounding by rolling hills 45 min east of the Twin Cities. It is incredibly landscaped, the architecture is steeped in an Italian coast concept, and a home is attached in the same style on the property. I am also a licensed realtor who lives in the area and have very much enjoyed the life and real estate world of Western WI.

However, when I approached my acquaintance, they mentioned their rash frustration with a previously failed attempt at finding a buyer in years past when using other realtors, and have refused to sign a contract unless a buyer is found first!

I am scratching my head between WI licensing law, a tough seller, and a very hard area (somewhat rural) with very little investors looking to fork out around 200-300k as a down payment, (banks will probably want %25 of the initial list cost).

Does anyone have any ideas on what I do? This is such a unique business opportunity I don’t want to go to waste, but it’s puzzling to say the least.