lenders: Are Lenders Lending?
- 11/22/09 01:16 PM
That seems to be the question a lot of Commercial and Business Brokers, as well as the Residential Realtors with listings priced over $200,000, are asking themselves. Whether it is a commercial property buyer with a 720 FICO, restaurant experience, and a 25% downpayment who cannot get a restaurant property financed because the lenders "would rather not finance a restaurant", a commercial property buyer who is not willing to put a $350,000 downpayment on a million dollar building, or gas station owner who can't sell his business even though he has tax returns substantiating ten years of consistent, and increasing, revenues … (1 comments)
That seems to be the question a lot of Commercial and Business Brokers, as well as the Residential Realtors with listings priced over $200,000, are asking themselves. Whether it is a commercial property buyer with a 720 FICO, restaurant experience, and a 25% downpayment who cannot get a restaurant property financed because the lenders "would rather not finance a restaurant", a commercial property buyer who is not willing to put a $350,000 downpayment on a million dollar building, or gas station owner who can't sell his business even though he has tax returns substantiating ten years of consistent, and increasing, revenues … (1 comments)
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