15 secrets of succesful commercial property ownership: a speical report on choosing the right...

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Discover the Top 15 Secrets of Successful Commercial Property Ownership! ©

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Originally Drafted January 2007

Executive Summary

1 What’s Your Type?

2 Build Equity with Your Investment

3 Calculate Your Savings And Your Potential Profit

4 Do Your Research

5 Choose the Right Commercial Realtor

6 Consider Your Time Frame

7 Location, Location, Location

8 Free Parking

9 Get in the Zone

10 Inspection

11 Map Out Your Plan

12 Before you Sign on the Dotted Line

13 Choose a Lender with Care

14 Know Your Financing Options

15 The Best Kept Financing Secret



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Summary

Like with any major decision, the more you know about your options, the more likely you’ll make the right choices. By spending just a few weeks researching types of properties, market conditions, demographics, and possible economic incentives, you’ll be able to find the property that is right for you.

In addition, if you put the effort into finding the ideal commercial realtor that understands what you’re looking for, you will have the best help possible in locating your perfect property.

By looking at your different lender options and researching qualified nationwide firms’ credentials, you can ensure that you’ll find a sophisticated company that can help you leverage your capital and get you a great deal for your commercial mortgage.

While you may be ready to find a property, don’t rush the process. Take your time to ensure that everything meets your needs. If you plan for the process, you can guarantee better negotiation results on the price of the property and your commercial financing package. Hurried buyers usually never get good deals.

Consider all the elements that are involved in your loan:

• Down Payment: know what the amount is and when it is due.• Terms and Conditions: what terms are included in the loan? Make sure to read the fine print.• Rate: know what it is and how much your monthly mortgage payment could fluctuate if you

choose a variable rate option.

Keep in mind that a lower down payment will result in better utilization of your company’s capital. You can take that equity and put it to a better use, such as buying equipment, expanding your business, or increasing your product line.

When done right, buying commercial real estate can be a great way to create capital savings and tax benefits, as well as help your business continue to grow!

The Advantages

There are many advantages involved in owning a commercial property. As the landlord instead of the tenant, you get to choose the decor, the tenants and the rental prices that you’ll collect each month. You also get to give up worrying about rent increases or being forced to move when your lease is up. However, let’s not forget about the biggest advantage of all when it comes to purchasing commercial property: Building Equity.

Before making the decision to own instead of rent, there are many things you need to know to make sure you stay clear of those costly mistakes many business owners make when choosing a commercial property. For starters, you need to make sure that purchasing instead of renting won’t deplete your cash flow. We’ll show you how to avoid that financial pitfall, as well as other snags that can interfere with your plans.

In this report, we’ll reveal the top 15 secrets to successfully choosing the right commercial property for you, as well as recommend some of the best ways to secure affordable funding for your project.



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About the Authors

Chris Hurn is the President, CEO and Cofounder of Mercantile Commercial Capital (MCC), a specialized, nationwide commercial mortgage lender based in Central Florida that provides 90% loan-to-cost financing with up to 25-year, fully amortizing terms and long-term, below-market, fixed interest rates. Previously, Chris worked as a senior management consultant, financier and executive with companies such as GE Capital, Heller Financial and NAI Realvest. It was his experience in small business finance that led him to the idea behind MCC. As a graduate of Loyola University and the University of Pennsylvania’s Wharton School, he currently serves on the Greater Orlando Regional Chamber of Commerce’s Small Business Chamber Board of Directors and is active in numerous other organizations.

Chris has won numerous awards and some of them include: named on “The Top 20 Most Influential Persons in SBA Lending for 2008” by Coleman Publishing; named the “Most Respected Executive in Central Florida” in the Orlando Business Journal’s 2007 Readers Choice Awards; recognized as one of the “Top Ten Most Influential Men to Watch in 2007” by the Orlando Business Journal; named “Marketing Guru of the Year” in 2006 by Coleman Publishing; received the Central Florida Commercial Real Estate Society’s Hallmark Award for “Top Producer in Mortgage Lending” for 2005 and 2006; named the “Top Male, Forty Under Forty” in 2006 by the Orlando Business Journal.

Tony Zara is the Executive Vice President of Mercantile Commercial Capital (MCC). Tony focuses primarily on client management, and also manages the financial underwriting and business development functions of the company. Previously, he worked as a Business Analyst for American Express Global Network Services (GNS) in London, England where he designed implementation strategies for the American Express Blue™ card throughout Europe, the Middle East, and Asia. Tony graduated from the University of Pennsylvania’s Wharton School of Business with a dual concentration in Finance & Strategic Management. While at the University of Pennsylvania, Tony played Quarterback for the Quaker team that had 33 wins and only 7 losses during his tenure and led them to two Ivy League Conference titles in four years. He is a member of the Wharton Alumni Association, Orlando Chapter of the Association for Corporate Growth (ACG), Central Florida Commercial Real Estate Society (CFCRES), and an alumnus of the Greater Orlando Regional Chamber of Commerce’s Leadership Orlando Class #66.

Under their leadership MCC was named to the 2007 Inc. 500 list of the fastest growing companies in America; was named the “Banker of the Year” by the industry’s trade association; was named “Financial Services Champion of the Year” for Florida and the twelve-state Southeast District by the U.S. Small Business Administration; was named “Best Places to Work” in Orlando by the Orlando Business Journal for 2007, 2006, and 2005; was voted the “Best Small Company in Central Florida” in the Orlando Business Journal’s 2007 Readers Choice Awards; and most recently was recognized as the “2008 Business of the Year” by the Seminole County Regional Chamber of Commerce.

Be sure to contact Chris Hurn, Tony Zara and their team of Commercial Real Estate Financing Experts when you or someone you know is interested in owning commercial property the Smart way. Here’s how:

Mercantile Commercial Capital940 Centre Circle, Ste 3006, Altamonte Springs, FL 32714

Phone: 407-786-5040 or 1-866-MCC-4504 | Fax: 407-682-1632Email: [email protected]

Website: www.TheSmartChoiceLoan.com | Blog: www.504Blog.com

15 secrets of succesful commercial property ownership: a speical report on choosing the right...

Economy & Finance