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Securing the best possible restaurant property loans involves more than a trip to your friendly neighborhood banker. As with all commercial lending situations, presenting your restaurant property in the best possible light, and understanding the nuances of the many financing programs available can make a huge difference in the quality of the loan offers you ultimately receive.
Restaurants are constructed for the purpose of preparation and sale of food and/or beverages and include cafeterias, bars and taverns where design is of restaurant type.
When underwriting restaurant property loan opportunities, K2 Commercial Finance first considers the type of restaurant property that requires financing.
We will work with you to create the strongest possible loan submission package, highlighting the strengths of your property with respect to its local market and specific location attributes, as well as favorable property conditions and characteristics.
When seeking financing for a restaurant property, it is important to recognize that real estate lenders will only consider the value of the real estate and improvements, but will not lend against the value of restaurant equipment (refridgerators, stoves, etc.), liquor licenses, and other supplies.
K2 Commercial Finance has an accepted method of normalizing income and positioning expense considerations that helps our lenders provide the best possible loan offers in the shortest amount of time.
Our job is to create the strongest possible loan submission package and target it to the exact lender or lending program for the specific property, or for your unique borrowing requirements.
If you have a need for a restaurant property loan to acquire or to refinance an property you currently own, please call K2 Commercial Finance to discuss your requirements. We have the mortgage planning expertise to secure the BEST possible loan scenario for you.
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