Avatar's Blog
» Comemrcial Bridge Loans for Owner Occupied Propert
Avatar Financial Group can fund real estate purchases and refinances for companies that occupy their own building. We do not need the property to be income producing to fund it. In the event that you occupy your own commercial or industrial building, Avatar will use the P&Ls from your business to determine whether you can afford the loan - whether it makes sense for you and for Avatar to enter into the agreement.
Be prepared to show P&Ls for two years, as well as two years' tax returns for the business. The guarantors on the loan should each provide personal net worth statements as well. If you have an income to expense ratio of better than 1.2:1, you should be able to qualify for the loan, dependent on due diligence and the value of the property you occupy.
