"Commercial" could mean a lot of things: industrial, retail or office, typically.  

Despite any initial apprehensions you may have, the process is far from intimidating.As someone entrenched in the lending industry myself, it's essential to clarify that our primary goal is not property repossession.

The land is currently zoned for light industrial use and is occupied by several auto repair shops.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

At each property, whether a vacant lot or an industrial warehouse, he told the borrower that he should convert the property to medical offices, and that my fund would be willing to finance the conversion.  

got it my wife and I being life long in the industry this is of course never a question for us..

@James Wise we will always regard you and your team as one of the leading experts in our industry!

Hello everyone, I went to school for finance, worked for chase for a couple of years, studied for my GC license and got it. With some previous projects i did in the past. Quit my job and now i want to start my flippin...

I don't know quite as much as Detroit but I am pretty sure that prices there are still lower than they were in 2008 before the auto industry there collapsed. 

ATX has seen rapid appreciation and strong population and industry growth.