SUMMARY: Commercial property owners know all too well the impact that the worst economic downturn since the Great Depression has had on access to credit. While interest rate cuts have given some owners an opportunity to purchase new properties or tap existing properties' equity for operating capital, lower rates don’t necessarily mean it will be easy to obtain financing. In considering loans secured by multi-tenant income-producing property, such as an office building or shopping center, lenders have become more sensitive to the quality of the lease agreements you have with your tenants.
Please see full article below for more information.
Doc Type:
Legal Article/Newsletter
Published: 11/13/2009
See Related Docs
Legal Article/Newsletter Name:
Why is a "Financeable Lease" Crucial to Your Loan?
Legal System: United States