Groupe 369 Corp, A Nationally Recognized Commercial "Private Lender," Continues to Publish Its Informative Series of Educational Borrowing Guidelines for All Commercial Lending Projects
In this series, Groupe 369 Corp under the leadership of David Kastner, offers potential clients an insight into its successful operation and the real world of "Private Money" lending. Groupe 369 feels that the more people know about its services, the greater opportunity exists for a successful business partnership.
Chicago, IL (PRWEB) May 30, 2009 -- Groupe 369 Corp., found on the Web at Groupe369.com adds to its helpful collection of educational tips for potential commercial real estate clients. This tip takes a look at the importance of the Site Inspection.
"It is important for all potential Groupe 369 Corp. clients to understand the value of always visiting the commercial property site," says David Kastner, president of Groupe 369 Corp. "The site inspection is not an option, but an obligation for us to see, up close and personal, the actual property or project site that will be the beneficiary of our loan."
The cost of the site inspection is included in the due diligence fee and Groupe 369 Corp. loan officers have many factors to consider when they arrive at the project:
- Is the location accessible and is transportation available to the site?
- Is there adequate parking available?
- If the project is a public service facility, does the adjacent community support it?
- Does a destination project - hotel, motel, amusement park, etc. - make sense at that location?
These questions can only be answered on site by a qualified member of the Groupe 369 private Lending team.
The history of the property is learned from the surrounding community and either on-site or adjacent environmental challenges can be noted. All permits, plans, state and local approvals and easements have been submitted by the borrower and can be verified in the field. Everyone benefits from a thorough site inspection.
"And remember this," David Kastner, adds "cosmetics count! Some time spent adding a coat of paint, picking up trash, draining standing water and even mowing down tall grass and weeds show concern for the environment as well as concern for the deal."
The site inspection goes a long way toward determining if the project makes sense for its location, environment and suitability of its function.
"Tell us what you need. We succeed on your success," visit us at Groupe369.com or by calling 639.396.6400
About Groupe 369:
Groupe 369 Corp. and its partners is an established portfolio lender for commercial real estate loans offering attractive financing solutions and pricing for unconventional and hard-to-place real estate loans across all 50 states.
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