Avatar's Blog
» Real Estate Loan for Purchase of Office Buildings
When purchasing office buildings, conventional lenders require inspections, appraisals, financial document reviews and more that can take months or even more than a year to complete. If you are purchasing an office building and need to close the deal in less time than it take conventional lenders to comlete their due diligence, contact Avatar Financial Group. As a hard money lender, we are able to close loans such as this in as little as two weeks.
Simple documentation confirming your ability to make the monthly payments on the loan as well as a clear workable plan to take the loan out (refi, sell, etc.) withint 1-3 years are the major requirements for obtaining a hard money loan. Additional documentation concerning the use and occupancy, the corporate structure of the entity that will sign for the loan and appraisals will also be required. However, you can be prepared by contacting Avatar early and requesting a list of required closing documents.
