Banks and Due Dilligence

Banks are stepping up the standards for due diligence on commercial properties. It is very important to use a reputable firm that is certified to do these reports and one that also follows all ASTM standards for phase i environmental reports.

Banks won't just dish out $ to anybody, especially if they are not taking appropriate precautions and doing the necessary due diligence required to put their money into a safe investment.

Also

Happy fourth of july!

More information on Building Leasing

As I said before in my last post...you have to get a commercial property inspection before purchasing it! This is one of the most important parts of buying a commercial building because for some reason, not everybody will disclose pertinent information to you (the buyer!!!).

There are a few questions you need to ask yourself before you buy a commercial building:

• Who will be using the building?
• What type of businesses do I want?
• What kinds of clients will they bring in/attract?
• What do I need to make sure they clients are happy, and thus my tenants?

But the most forgotten..."how do I protect the people that enter my building?"

Unfortunately, that's the most important question of the bunch. And not only is it usually forgotten, but it's almost alway misunderstood when it is remembered. You need to protect people's valuables and safety of course, but what about their health? If your building used to be a toxic waste dump don't you think there's something more that needs to be done to ensure life and liberty? If that is the case will you even want to buy the building?

THAT is why you need to get a building condition survey done!