Do you want to buy a commercial building?

Do you want to buy a commercial building?

Create a relationship with a lender and seek them out before purchasing commercial real estate. What’s the point of looking at buildings to purchase if you don’t know how much the bank will qualify you for? Consider the lead times when purchasing commercial real estate:

It could take 90 days or more after the Purchase Agreement is signed to close the transaction.

If you are leasing check your expiration date to determine when you should start the site search.

/ Commercial Real Estate

About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.