Commercial Real Estate Investment/Expert Profile

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Recent Answers from Mike Fortunato

2012-05-23 how to change:

You'll want to check with the planning department in the city the building is located to make sure it is zoned for your use (if not, you may be able to apply for a variance or conditional use permit).

2012-01-31 interests rates:

There are other factors that contribute to whether a loan is good, such as the costs to obtain the loan, owner-user vs investment, type of property and its occupancy, size of the loan, loan to value ratio

2012-01-25 Stairwell Fire and ADA Code:

As codes vary from region to region, you need to check with the building department in the city where the property is located. You'll probably have signage requirements, and possibly non-skid surface for

2012-01-07 getting bank loan to consolidate debt:

It really comes down to what debts you're defaulting on, and how agressive the collection efforts are. Some creditors will go so far as to try and pierce a corporate (or LLC) veil to get at those assets

2012-01-06 getting bank loan to consolidate debt:

I would have suggested the same thing as your bank, with one exception. I think you should have a separate loan for each property, rather than both properties wrapped into the same loan (which is what