Need financing? When investing in commercial real estate, your options for financing can become a mountain to climb in order to figure out what your best options are. As to be expected, commercial loans can be more difficult to obtain than residential. It seems there are many more people today seeking to make real estate part of their investment portfolio.
Just starting out? Have a plan in place to make your investment purchase run as smoothly as possible.
Be diligent with your research
Be prepared to research, this includes the current market you live in. Research is a key component in making the right investment decision. We recognize that in real estate, location is the most important element in the decision making process; however, Katchen Company also knows real estate sales and leasing requires an understanding of so much more. So, know that we are here to help guide you in this process.
Know what financing is right for you
Commercial real estate can seem like a higher mountain to climb than your usual residential real estate transaction. Thanks to the professionals at Katchen Company, this doesn’t have to be such a daunting task to set forth. With many options in the financial aspect, we work hard to find the best solutions for you. With many different loan options, it is hard to say what works best for you until we are able to understand your entire situation completely.
Consider funding from your sphere of influence
Working with friends and family can have a ton of upsides. What is so great about this strategy is that it requires no startup capital to begin with. If loans are not available or do not match your investment needs, then this option seems to be most manageable.
Get answers to tough questions
Interviewing lenders prior to making offers makes it easier to obtain a loan. Be prepared to lose diligence money for inspection-tests-appraisals, to determine if it’s a good investment. These are quite costly but if a property is not what is represented it saves you money in the long run, and you can rescind the offer. Take partners as a path to your wealth because some deals may be high dollar and this spreads your risk. Know where to get tough questions answered by associating yourself with experienced commercial real estate agents.
Offering a full range of professional brokerage services and providing expert assistance to sellers, buyers, lessors and lessees gives Katchen Company’s specialists focused insight into the broader market. We open doors and provide real solutions for our select clientele.