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| Cityfeet Local is your #1 source for New York City Executive Suites, New York City Business Centers, New York City Shared Office Space, and New York City Virtual Office Space. |
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Cityfeet Resources
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-
Look
for
hidden
costs
- Low
interest
loans
seem
too
good
to be
true.
Often
times,
they
are.
Make
sure
to check
for
any
hidden
costs
& extra
fees
before
you
apply.
-
Be prepared
- Hard
money
loans
are
very
appealing
because
they
are
quicker
and
often
easier
to secure.
However,
interest
rates
tend
to be
much
higher
than
loans
that
you
would
receive
from
banking
institutions.
-
Be aware
of any
restrictions
- Mortgage
lenders
might
impose
certain
restrictions
on the
use
of your
commercial
property.
Be sure
to inquire
what
the
restrictions
might
be and
don't
hesitate
to go
elsewhere
if they
inhibit
you
from
your
desired
use
of the
property.
-
Sale
and
leaseback
-
If you
currently
own
property
but
no longer
want
the
responsibilities
of a
property
owner,
you
can
enter
a "sale
and
leaseback" agreement
with
another
party.
The
new
buyer
will
take
on your
mortgage
and
you
can
then
lease
the
property.
-
Credit
score
- Keep
your
business
credit
lines
clean.
Bad
credit
will
significantly
hurt
your
chances
of getting
a commercial
loan,
or will
dictate
higher
interest
rates
if you
do get
approved.
-
Don't
give
up!
- If
your
loan
application
gets
rejected,
you
will
typically
receive
reasons
why.
Take
that
information
and
remedy
the
problem,
then
try
to reapply
(with
the
same
lender
or a
different
one).
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| CityfeetLocal is the leading online commercial real estate network, connecting commercial real estate property owners and brokers to tenants, brokers and investors. CityfeetLocal offers commercial real estate products and services catering to the national and local needs of the commercial real estate industry . CityfeetLocal specializes in all commercial real estate property categories including office space, executive suites, commercial land, industrial property, retail space and businesses for sale. |
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| ©2009 Cityfeet.com - All Rights Reserved |
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