A huge part of due diligence in the real estate game — from applying for a Arizona Commercial Private Loan and putting in an offer to getting insurance and eventually listing it — is determining value. This can be even more true when it comes to commercial real estate. Things like buying in the wrong part of town or not catching a red flag can doom that commercial purchase and kill any potential profit it might have yielded.
One of the ways in which real estate professionals work to determine value is by putting commercial spaces into classes. It’s a subjective process, but it’s a tool to help you compare comparable buildings that will be competing for tenants. To help you get a better idea of the concept, let’s look at the classifications for commercial buildings.
There’s nothing inherently “wrong” with any of these building classes, but being armed with this information is an important step in applying for a Arizona commercial private loan. Build this info into the plan and budget you present to the lender and he or she will see that you’ve got your ducks in a row.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.