Steps for Buying Commercial Real Estate

·         First, as your agent, we will go down to the city planning and zoning and confirm with the zoning and planning maps that you will be able to operate your existing business in that location.   

·         Next, get with your accountant and have them review the LOI package and make sure everything checks out from an accounting standpoint.   

·         Next, if it involves undeveloped land, we will arrange for an EPA Study performed on the property to ensure there is no contamination or ground soil problems.  This usually is a requirement of most lending institutions.  

·         Next, as your agent we will arrange for you to see a commercial or business bank and ask about the SBA (Small Business Agency) business loans.  You will probably be required to put down at least 10% or $5,000 for the loan.  

·         Lastly, you will be on your way to commercial real estate ownership in no time.