Lack of Financing Slowing Commercial Property Sales

West Hartford commercial real estate sales are slowing due to lack of available financing for many business owners looking to purchase. In this real estate market, the ability to sell a building is not just about price and location – it’s also about the financial terms of the deal.

Some commercial property owners have decided to become their own ‘banks.’ Instead of taking a one lump sum payoff at closing they have the buyer pay a monthly mortgage note plus interest. This way a buyer doesn’t need perfect credit to close a deal.

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