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yearofthetiger
Joined: 27 Sep 2005
Posts: 6
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 Posted: Thu Jan 12, 2006 6:17 am Post subject: Where is the best place to go to get a commercial real estat |
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| I am looking to start a bar in Chicago, IL and I know the building that I want to acquire. I have a partner who is able to put $350-400K into the project but the building itself will cost between $750K-$1M to acquire and will require anywhere from $100K-200K to restore and convert. I would like to know the best place to go for a commercial real estate loan keeping in mind the significant funding we already have. I would like to limit the down payment to about $100-150K to keep the rest available for the bar itself. As a side note my personal credit score isn't fantastic (about 630). Also, the building is not currently a bar but an old theater so it will require remodeling, however they do hold a liquor license so it is properly zoned.Thanks! |
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SpotOnOldChap
Joined: 12 May 2007
Posts: 6
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| Posted: Sun Jan 29, 2006 7:57 am Post subject: Where is the best place to go to get a commercial real estat |
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| A local "Chicago Bank" that does this type of financing is Park National Bank. The main Chicago Branch is at the intersection of Chicago and Clark. |
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HelenG
Joined: 09 Aug 2006
Posts: 2
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| Posted: Wed Feb 15, 2006 9:38 am Post subject: Where is the best place to go to get a commercial real estat |
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| there is a top mortgage broker affiliated with top lenders too.. from that perspective, they can search from over hundreds of commercial loan products and filter out the best for you.. it's a local office, but do business in 46 states.. anyway there's no obligation, so go check it out, might be what you just needed - |
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