Bridge Capital
How Bridge Capital can help prepare
your property for a Buyer
The Challenge
Repeatedly commercial properties linger on the market or fail to qualify for the maximum amount of financing because underwriters for lenders are given misleading or contradictory information.
Or,
Buyers receive with less than prime rates and high fees limiting their ability to qualify to close the sale.
The Solution
There are a number of ways improve the situation. First accurate historic income and expense data must be maintained and verified. Reports need to be detailed. And while it is the responsibility of the property owner or manager, the process can be guided by astute commercial brokers. The sales or mortgage brokers need to be proactive to facilitate the consummation of the deal. If on initial review the landlord is mixing personal expenses with the property’s operating expenses, they need to be removed. Should a recent non-recurring or capital expense be included in the owner’s income statement then it should to be addressed.
When owners or managers fail to provide such information, the broker can step in and make sure the proper materials are assembled and correctly presented to the lender. Bridge Capital has a long history of underwriting to exacting lender standards.