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If you are buying undeveloped property you may be eligible for either a purchase property loan or a refinance loan, depending on the contract, the buyers assets and the type of development that is being made on the property. The loans in these cases can be up to 70% of the appraised value, but there are typically no second mortgages allowed on these types of financing options.

It is possible when getting a commercial loan to work either directly with the lender or through a broker or brokerage firm. Many commercial loan applicants will pay additional fees going through a broker that they could have saved by working directly with the lender. Be sure to clearly understand what fees you will be assessed if working through a broker.

Commercial real estate is rarely an effective or money making short term investment. It is not typical to "flip" or rapidly buy and sell commercial real estate, largely because there are far fewer people in the market for these high value properties. Commercial real estate can be a relatively safe investment for individuals and are prepared to wait for long term results.


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Looking for a Bloomington Commercial real estate agent?

"Who is a commercial real estate agent?
A commercial real estate agent is a skilled professional, who traditionally provides help in buying and selling of real estate property for commercial purposes.

Why do you look for one?
If you need a professional commercial real estate agent:
» To help you to find the right location for your business,
» To help you to sell your commercial location,
» For help in learning the value of your property,
» To market and sell your building or land,
» To help you to sell your business as is,
then you look for a commercial real estate agent.

Where do you find a commercial real estate agent?
Findville will help you to find the best commercial agent providing informative honest , and professional services. Check our listings to find the best commercial real estate agent close to you. Whether a private agent or a member of a large company, you should prefer a licensed commercial real estate agent."
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