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 Warehouse / Multi-Tenant

If you get approved for a commercial mortgage on a multi-tenant warehouse building, how will you find the tenants to fill it? How much do you need to charge for rent to cover all of your overhead and still make a profit? Will the area the warehouse is located in sustain that rent or lease amount? What is everyone else charging? Did the previous owners of the facility make a profit? If so, why are they selling? If not, what makes you think you can do better? These are all questions that you will be asked when you apply for a commercial mortgage. Are you prepared to answer them?
 
Here at iBank, we can shop your loan request to multiple lenders, but you'll need to have a firm grasp on the investment you're about to make and be able to answer questions that the banks will ask you. It's in their best interests to make sure that you're able to pay them back. Those with a solid business plan and knowledge of the demographics and economic situation where they are making a real estate investment are considered a good risk. Those who haven't researched those topics may be at risk of being denied. Do your homework before filling out the application.
 
Past history is an important factor in a lender's decision-making process. You don't have to have perfect credit. No one does these days. You do however have to be able to prove to a lender that you're a good risk. A steady recent payment history and some security will make the approval more likely. In lieu of those, industry knowledge and experience, a steady current cash flow, and a history of success for the property itself could swing the decision in your favor. We make sure your request gets to as many lenders as possible. Getting approved will be up to you.
 
Take a few minutes and fill out the iBank loan application for a commercial mortgage. Answer all questions as thoroughly as possible and have a business plan handy for when a lender contacts you back. What they will be looking for is reassurance that you'll be able to pay back the loan that they give you. Present a detailed strategy for doing that and offer a back-up strategy if you can think of one. The more guarantees you can give, the more likely you are to get approved. 


Most Recent Postings

Type Amount Location Date Posted
Industrial: Warehouse/Multi-Tenant $1100000 lafayette,
CO
April 18, 2012
7:12 AM
Industrial: Warehouse/Multi-Tenant $90000 allison park,
PA
April 14, 2012
8:39 AM
Industrial: Warehouse/Multi-Tenant $540000 GRAND RAPIDS,
MI
March 20, 2012
6:36 AM
Industrial: Warehouse/Multi-Tenant $380000 lakeville,
MA
January 26, 2012
4:09 PM
Industrial: Warehouse/Multi-Tenant $400000 brightwaters,
NY
December 31, 2011
8:51 AM
Industrial: Warehouse/Multi-Tenant $198000 Freedom,
ME
November 21, 2011
11:26 AM
Industrial: Warehouse/Multi-Tenant $145000 Mansfield,
OH
November 12, 2011
10:24 AM
Industrial: Warehouse/Multi-Tenant $600000 Forestville,
CT
November 10, 2011
7:49 PM
Industrial: Warehouse/Multi-Tenant $170000 chatsworth,
CA
August 26, 2011
12:42 PM
Industrial: Warehouse/Multi-Tenant $380000 Dixonville ,
PA
July 18, 2011
11:54 AM

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