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Commercial Real Estate Lenders Canton GA

See below for commercial real estate lenders in Canton, GA and commercial investors that give access to commercial real estate loans, loans for commercial building, and commercial real estate financing as well as advice and content on residential mortgages and commercial mortgages.

Giraldi Real Estate Services
(770) 361-8659
617 Trotter Way
Canton, GA
Mimms Enterprises
(770) 518-2200
780 Old Roswell Road
Roswell, GA
Prudential Georgia
(770) 243-1201
863 Holcomb Bridge Road
Roswell, GA
Domain Realty, Inc.
(404) 406-4026
5755 North Point Parkway
Alpharetta, GA
(404) 232-5737
5755 North Point Parkway Suite 253
Alpharetta, GA
Brian Patton Commercial
(770) 888-8976
302 North Main Street
Alpharetta, GA
KW Commercial
(678) 200-0235
3730 Roswell Rd #150
Marietta, GA
Sperry Van Ness
(404) 303-1232
8975 Roswell Road
Atlanta, GA
Office Suites PLUS
(770) 777-8200
2050 Marconi Drive
Alpharetta, GA
Re/Max Metro Atlanta Cityside
(404) 371-4419
1189 S. Ponce de Leon Ave NESte A
Atlanta, GA

What are lenders looking for in this tough lending market?

What are lenders looking for in this tough lending market?
Fri 09/26/08 10:07:05 am

National commercial real estate lenders are now far more adverse to lending in rural markets.   The typical minimum population size these lenders are willing to go into is 25,000 or more.   Each lender has a specific criteria of what they will allow as far as proximity to a town this size or greater.   For example, the town size would need to be at least 25,000 residents or within 25 miles of a town 100,000 or more.   Another lender allows the property to be within 30 miles of a town 25,000 or more.   The size of the loan and specifics with the property determine which lender would be interested in financing the park.


Rural markets limit the number of prospective tenants and in a foreclosure situation, limits the number of investors that would be interested in purchasing the property from the bank.   This pushes these national lenders to lend in markets they feel have a better chance of reducing risk.


Some of the better deals on parks can many times be found in rural markets which are now financed either by the seller or a local bank.   Sellers are becoming more and more interested in financing their parks for a buyer where their existing debt on the property makes sense.   The difficulty with local banks is they are most interested in loaning to investors that reside in or relatively close to the town where the park is located.   If the park is near where you live, a local bank can be a viable option.   Also, if you have an existing banking or wealth management relationship with a bank that has a branch in or near the town where the park is located, the bank will consider your loan request.  





Many mobile home park investors are purchasing their first property of this type.   This does not necessarily rule them out of financing from a national lender.   These lenders are looking for borrowers that either have owned or currently own mobile home parks or other types of commercial income producing properties.   An investor that has owned apartments, self-storage, retail, or office buildings is considered to have the experience these lenders are looking for.   Owning a second home or a few single-family residences is not always considered experienced enough to borrow on a mobile home park.  


Where an investor is buying a park outside of their area or state where they reside, these lenders are looking for experience in owning other properties outside of their area or state.   This demonstrates to a lender that the investor understands how to successfully deal with the issues associated with owning properties that are not within a fairly short driving distance.   Lack of experience was not a signi...

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