Yes, that can be very frustrating - but it is also common in the lending industry. What exactly is the bank saying? Have you approached a SBA loan? The SBA guarantee may help the bank say yes. How much are your seeking - there are many non-bank commercial real estate lenders that can help you. Just remember that these are a little more expensive than traditioanl loans as they are investor backed - but they may be able to get you the loan you need as well as additional cash for improvements.

I would see if the seller could finance the loan on the property. From there, it's quite possible to get a loan if you have business ownership experience and a really great business plan. If not, I would ask a friend or relative for a loan to get the business going. You could also require the tenants to do the buildout for the lease spaces so you would not have to pay for that.

Hello   I have got a Commercial Loan from MSR institution and i must say they were helpful. Let me know if you are interested and i will send you their contacts.    Sam 

Can you demonstrate a track record to the lender of turning similar projects into sucessful businesses? Most lenders need something more tangible than 'potential' to grant a secured loan against, but if you can point to other similar projects you have sucessfully completed they may be more forgiving.

We may be able to help you in this situation. We fund All types of Retail Businesses in the US. Depending on the volume of the existing business and your history in the industry we can provide you solutions that would ordinarily not be available to you via a typical commercial bank avenue. Feel free to contact me at 888-310-3110 at extension 113. www.AdvanceFundsNetwork.com Douglas Haddad Director of Underwriting

Yes, that can be very frustrating - but it is also common in the lending industry. What exactly is the bank saying? Have you approached a SBA loan? The SBA guarantee may help the bank say yes. How much are your seeking - there are many non-bank commercial real estate lenders that can help you. Just remember that these are a little more expensive than traditioanl loans as they are investor backed - but they may be able to get you the loan you need as well as additional cash for improvements.

We may be able to help you in this situation. We fund All types of Retail Businesses in the US. Depending on the volume of the existing business and your history in the industry we can provide you solutions that would ordinarily not be available to you via a typical commercial bank avenue. Feel free to contact me at 888-310-3110 at extension 113. www.AdvanceFundsNetwork.com Douglas Haddad Director of Underwriting

I am estimating that I would need $1 mill for the purchase of the building.  Then I would need roughly another $850,000 to get it up and running at full capacity.  Meaning the bar, hotel, retail store and the kitchen up and rented out to a chef.   The four banks I spoke with all said the same thing.  Without the previous owners financial statements showing enough of a profit to warrant a loan of that size they wouldn't be able to do it.   When I mentioned the SBA possibilities they said no that it would still be denied.   Thank you

OK, here's another radical approach. You've got a special property. It is not just any old mall. First tie the property with a commitment letter, for as long a term as you can. Then contact the 'local interest' editor of your newspaper, setting out how you want to revamp the property. Note that you are looking for a partner to develop this idea, either a silent partner or a working partner. It sounds like there is a lot of work to do, so there should be enough to go around. A partnership may not be what you originally wanted, but it may be a good solution, especially if you can locate someone who has talents that you don't. In fact, someone with that kind of money probably has access to more backers as well. MaryAnnBusiness Plan MasterBusiness Plans for Financing Your Business

OK, here's another radical approach. You've got a special property. It is not just any old mall. First tie the property with a commitment letter, for as long a term as you can. Then contact the 'local interest' editor of your newspaper, setting out how you want to revamp the property. Note that you are looking for a partner to develop this idea, either a silent partner or a working partner. It sounds like there is a lot of work to do, so there should be enough to go around. A partnership may not be what you originally wanted, but it may be a good solution, especially if you can locate someone who has talents that you don't. In fact, someone with that kind of money probably has access to more backers as well. MaryAnnBusiness Plan MasterBusiness Plans for Financing Your Business