AboutBrian Bocchieri Expertise Brian's expertise is specialized in commercial real estate financing.
The majority of his experience is in the Multi family arena, Specializing in apartment building/complexes, new construction, rehab, acqusition and refinancing.
Brian can also assit in most types of commercial transactions such as triple net properties, retail centers, and office complexes.
Experience Brian was an experienced developer of both commercial and residential projects before entering the commercial financing business. His knowledge comes form real world hands on experience.
Education/Credentials BS in busines management, Commercial Real Estate,
real world experience as a commercial real estate owner and developer.
Question brian, can you please answer a few questions....???
what is the difference between buss loans & comm'l loans? which is easier to obtain? which does NOT look at PERSONAL income? does either do 100% lending? trying to decide where to direct my energy... buss (laundromat) or comm'l(apt bldg or strip mall)
thanks for your time
Answer Hello Darlene
Business loans are usually from your local bank. The loan is based on your experience, credit, and the type of business you starting or buying. A commercial loan is mostly used for real estate transactions and is based on the cash flow of the property. These types of loans are through commercial lenders which can be commercial banks, insurance companies, wall street brokerage houses, real estate investment trusts.
Both loans look at personal credit but on the commercial side the property carries more of the burden. You will still need experience in what you are trying to purchase unless you are purchasing a national NNN tenant. By doing this they handle all the property taxes insurance and maintenance of the property. Depending on the tenant and the lease term there is very limited 100% financing. For any other type of transaction forget the 100% financing most loans now are 75-85 LTV
