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Joe Charnock

New Money for Commerical Loans

08-03-10
Joe Charnock

Commerical lending seems to be opening up a little. i have seen some of the rules being relaxed mainly with a owner occupied property. As commerical property goes the buyer needs to be a real person but the property will be what is looked at more than anything else and the use of the properties. Second would be what the building will be supporting. They are also taking a good look on multi properties where the buyer is part of the business moving in.