Commercial Mortgage Lending Advise

Wingman

I was hoping someone may be able to help me. I am considering buying a business with a home attached. I have the profit/loss accounts and now I need some information on who I go to next to see if buying the business is going to be a viable option, as I will be giving up my job and my current home.

As you can see its a very big life change and I just need some guidance with the figures i.e whether it is an affordable move or not?

Who do I need to see an accountant, a financial advisor or the mortgage company?

Sorry if this is posted in the wrong area

HELP!

homer_j_3

Most commercial lending is done by the banks and they will want business plans and all the paperwork etc.

I have access to a commercial lender that operates slightly different in terms of it is almost like getting a residential mortgage. If you have a deposit and the ability to pay for it, they will lend. Agreements in principal seem to be fairly quick - ie same day.

So to answer your question, you need to see the bank or a broker that deals with commercial mortgages. Whether it is affordable or not will depend on all the financial details, to which you have not mentiones.