Forgotten password

   Connect with other iBank Business Centers:  Loans  |  Insurance  |  CrowdFunding  |  Credit  |  Legal  |   H.R.  |   Accounting  |  Consulting  |

Small Business Loans
Find and Match with the perfect Small Business Loan.
Join over 600,000 small businesses who decided to get the resources they need.

You are in: Business Loans Center > Commercial Mortgage Loans > Office Building Loan > Other
start your loan application now

Please enter your funding need:





Open a Free iBank Account

Other (Office Building Loans) by Tom Markel


There are many other office building set-ups and complexes that you could conceivably need a commercial mortgage for. The rules are always the same, and the process for getting approved always involves a solid business plan and knowledge of the industry you're venturing into. If you want to be a commercial landlord, you need to know something about property, demand, vacancy rates, and average rents for the area you're buying in. If the building you buy is intended for a specific use, like a medical building or automotive repair shop, you should know something about those industries.
 
Knowledge of how to run the businesses of each of your tenants in an office building is not required for you to be successful, but if you're hoping to appeal to a certain class of people or profession you will want to do some research into what they want. This knowledge is valuable in the loan process. Banks and mortgage brokers will often ask questions that don't seem to apply to your transaction with them, but they do relate to your ability to pay them back. If you own and manage a building designed for young professionals, how will you reach that market and avoid high vacancy rates? What are the new generation of doctors, lawyers, and accountants looking for in office space?
 
A bank wants to know two things before they approve you for a commercial mortgage. The first is whether or not you can afford to make the purchase. That's determined by your available assets, knowledge of the business, and your business plan. The second is whether or not you'll pay them back. Credit score, payment histories, and the credit rating of your business will help them determine that. You're not in control of the second factor because your past is already written, but you can write a better business plan and learn more about your industry or market.
 
What do we do for you? Here at iBank, we have compiled the largest list of banks, private financiers, and financial institutions on the internet. All you need to do is fill out one application and we submit it to all of them. Do your part and create a solid business plan. We'll do ours and get it in front of the people who can help you. Within a few weeks, you should have the money you need to buy that office building. 


Most Recent Postings

Type Amount Location Date Posted
Other (Office Building Loans) $500000 buchanan dam,
TX
October 22, 2014
1:26 PM
Other (Office Building Loans) $2800000 van nuys,
CA
October 22, 2014
8:43 AM
Other (Office Building Loans) $110000 port st. lucie,
FL
October 22, 2014
8:22 AM
Other (Office Building Loans) $200000 Axton,
VA
October 21, 2014
9:54 AM
Other (Office Building Loans) $1300000 Tampa,
FL
September 24, 2014
10:40 AM
Other (Office Building Loans) $20000 GAINESVILLE,
FL
September 17, 2014
11:49 AM
Other (Office Building Loans) $100000 Milligan College,
TN
September 17, 2014
10:05 AM
Other (Office Building Loans) $50000 parma,
ID
September 16, 2014
1:15 PM
Other (Office Building Loans) $5000 St. Louis,
MO
August 28, 2014
3:17 PM
Other (Office Building Loans) $10000 Altamonte Springs,
FL
August 26, 2014
3:03 PM

View More

iBank Featured In

  • businessweek
     
  • forbes
     
  • msnbc
     
  • thestreet
     
  • wallstreet
     

Testimonials

"You have been first class in answering all our questions and in a very timely manner." 
Patrick M.

"As an iBank small business member I networked with one of the iBank lenders, he was responsive, respectful and got my deal funded quick and easy. I would highly recommend being a member of the iBank small business network for all my small business loan needs."
Morgan Harris

"You have been extremely
helpful. Many thanks for all your quick responses. We will be in touch if we need any further assistance."
Amy Stephenson and Holly Dickerson

                Read More

Business CrowdFunding Center

Business Credit Center

©2014 iBank.com, Virtue Capital Corporation. All rights reserved.