Quote Originally Posted by Jstarr View Post
That would be tough without occupancy. and we require 70%. Just think for a minute as a lender, if someone asked you to finance a building that wasn't at least 50% occupied - and you said ok, closed the loan and now your waiting on payments -- The first two to three months are okay and then the borrower falls behind and can't catch up or you have to file foreclosure and take possession , when you take the property back you want to make sure it debt services to cover the funds you put out to purchase this building while you are trying to sell and make it attractive to another buyer..
Hi Jerry,

I just edited the question.

My client's business will not be occupying 51% of the space.

There are 30 spaces and only 4 are vacant.

I don't know of any programs which don't require the buyer to occupy 51% of the space.

Any suggestions besides Scotsman Guide?

Thanks,
Mike
msla*****er@sla*****er.com