Financing Special Purpose Property

We often get requests for commercial financing on special purpose property. Special pupose property would be an unusual use of commercial real estate. For example, an ice skating rink, a bowling alley, or a campground would all be examples of special purpose property.

It is important to recognize that special purpose property can be difficult to finance. We have several lenders for special purpose property, but the application, underwriting, and approval processes can be time consuming and difficult. For example, it is next to impossible to find commercially comparable properties so lenders generally look to the profitability and cash flow of the special purpose when considering the collateral value. The profitability and cash flow are often validated by tax and bank records so be prepared to provide documentation.

We enjoy securing financing for special purpose property and look forward to advising you on your commercial financing needs. Give us a call if you need any help.