$640K Commercial Office Purchase @10% Down @$57,000 Corporate Income

The client's lease was upcoming for renewal in July. Instead of renewing the lease, the client looked at buying an office instead.

What was required to get 10% down?

We had to show the bank their corporate financials could produce $57,000/year in order to qualify.

The client had structured their financials around optimizing for taxes and not qualifying for commercial mortgages, so this became a challenge.

What did we do?

We explained the story of tax optimization and instead of using year-end financials, we went off projections backed by this years-to-date financials.

Approved!

I was the Mortgage Broker and the Commercial Realtor for this.

I also advised them on their life insurance and disability insurance.

Nice to be triple licensed and understanding these specialties interlinks in between each other.