Simple enough advice, right? Except it can be difficult to know what to expect before you reach that point. Before talking to a commercial lender use a mortgage calculator to estimate what your current mortgage rates should be. Now this won’t take into account any credit history but it will give you an idea where to start negotiating. When you calculate the rates you should also figure out the commercial property value of the building or land you want to refinance or purchase. Again, something obvious, but by value I don’t just mean the current market value, I also mean the value it would give you and your company. Now you’re ready to start negotiating. But while you’re studying the market and figuring out your rates, I would like to offer up the idea of a commercial agreement. Contact us, RDS Real Estate to find out more about how you might be able to save money though a commercial property lease.
MS