Business owners often face the need to purchase non -residential premises. However, buying an office, having paid the entire amount at once, is not always possible. And then the question arises: is it possible to take a loan for the purchase of commercial real estate? Such transactions are very in demand by the market, however, mortgage lending in this area is difficult due to the imperfection of the legislative framework.
The main problems of lending non -residential premises
Two goals of the acquisition of office real estate are usually indicated: to ensure the functioning of the company; for subsequent rental.
It follows that the future owner of the premises should be a legal entity. But most banks are ready to issue mortgage loans only if they are issued on an individual. In this case, the income of the company is by no means equal to the income of its founder.
The second point that should be taken into account is the complexity of the design. First of all, the issue with the ground should be resolved. In the event that it is owned by the owners of non -residential real estate, there will be no problems. However, more often they rent it. And in this case, the loan term will be equal to the term specified in the lease agreement.
The next aspect is the provision of a loan. The bank will agree to pay for the transaction only when the office is in the pledge. Thus, it turns out that the seller must lay the premises of the credit institution. In most cases, real estate owners do not agree to this.
How to buy an office on credit
In fact, everything is not so sad. There are several schemes for buying commercial real estate: leasing; on the key to existing real estate; schemes involving the purchase of a dwelling and transferring it to a non -residential fund.
All these options may be suitable if the sale of offices by mortgage lending is impossible. This is due to the fact that property owners most often refuse the transaction due to the complexity of its execution.