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» How to Spruce up a Property

Posted on 2/22/2005

If you are collateralizing an industrial or commercial property you already own, you may not think of a spring cleaning as an advantageous activity before asking for a hard money loan. Do not be deluded! Hard money lenders and conventional bankers alike want to see that the property will be well cared for. Here is a list of the most advantageous ways to present your property to its best advantage:

  • Paint
  • Plant / mow the grass
  • Plant shrubs, trees, flowers.
  • Put up a sign - or clean/paint exisitng signs
  • Add lighting - the brighter the better
  • Clean - filth is one of the biggest reasons for hearing 'no' on a loan request
  • Straighten up and throw out the trash. Garbage on property is a BIG concern for lenders!
Posted in Miscellaneous