What documents do I need to apply for a commercial building loan if I’m self-employed and own multiple businesses? nc

What documents do I need to apply for a commercial building loan if I’m self-employed and own multiple businesses? – North Carolina Short Answer In North Carolina, a bank commercial building loan application for a self-employed borrower with multiple businesses usually requires (1) personal financial documents for each guarantor, (2) business financial documents for each…

Should I buy the building through a separate property-holding company, and should my other business entities guarantee the loan? nc

Should I buy the building through a separate property-holding company, and should my other business entities guarantee the loan? – North Carolina Short Answer Often, a North Carolina commercial purchase is structured with a separate property-holding entity (commonly an LLC) as the borrower and owner, because it can help isolate real estate risks from operating-business…

Can I get a commercial real estate loan without signing a personal guarantee, and what would it take to qualify for that? nc

Can I get a commercial real estate loan without signing a personal guarantee, and what would it take to qualify for that? – North Carolina Short Answer Yes—some North Carolina commercial real estate loans can be structured without a personal guarantee, but it is not the default for bank loans. In practice, a lender usually…