At OMJ Mortgage Capital, we supply commercial mortgages for a variety of different properties as diverse as medical buildings to industrial and office condominiums to name just a few.
If you’re buying a business for the first time, we want to help you by supplying some questions you should ask before you start negotiations.
- It’s important to start on the right foot and ask yourself why you are buying the business. Do you have previous ownership experience in that particular industry? Maybe the business for sale is just a sound financial investment.
- How the financing works is important. Ask yourself what degree of control you’re willing to concede. Decide how much personal money you’ll use. And how much will be financed. That part of that equation needs to come from places like equity investors and vendor financing.
- Some of the questions you’ll need to ask involve the present owner. First and foremost, you will want to find out why they are selling the enterprise. Perhaps they are retiring or moving on to another venture. This is a good way to find out if there are any present problems facing the business you want to buy.
OMJ Mortgage Capital has an impressive track record when it comes to commercial mortgages. Our team consists of former bank managers that are committed to serving our clients. They have the knowledge and experience to work on complicated deals and special properties such as retirement homes, farms, and schools to name just a few. Get in touch with us today to learn more about how we can meet and exceed your needs and requirements.
