Commercial Rehab?

Rehabbing, Fix and Flip, Rental Properties
1

I have a borrower that is looking to do a complete rehab on a restaurant. She estimates the rehab will be around 100k. The problem I see is that she does not own the property she leases the property. I’m having her to check with the owner to see if he will sell the property to her if he doesn’t can I still get her financing to fund the rehab even though she leases the property?

Any advice would be greatly appreciated!!!

Chris Ervin

2

Howdy Chris:

You can get financing for leasehold improvements usually from banks. The loans are usually short term. I would call around to a few bankers and get a sample of rates and terms and their requirements.