93964 Resource 78777 78860 1071 1120142058625 1215929091767 Controlled Commercial Financing and Option Agreements When an Option Expires, the Party is Over <p>Suppose you are a commercial mortgage broker.&nbsp; You are working on a commercial mortgage loan for a guy who has an option to buy a commercial property.&nbsp; You must not let that option expire by even one minute!<br /><br />The drop-dead-date in an option agreement to purchase commercial property is just that - if your commercial property buyer does not close by the time prescribed in the agreement, the optionee (your buyer) is dead.&nbsp; The seller does not have to sell!<br /><br />Suppose your commercial borrower has been leasing an office building for ten years.&nbsp; The lease contains an option to buy the property for $600,000.&nbsp; Over the years, partly because your commercial borrower put $200,000 in renovations into the property, the value of the commercial property has increased to $1 million.&nbsp; Remember, the optionor is not an idiot.&nbsp; He really-really doesn't want to sell his $1 million building for just $600,000.<br /><br />Further suppose the commercial borrower comes to you for a commercial mortgage loan with just 35 days to run on his option agreement.&nbsp; You and he have a BIG problem.&nbsp; If your commercial mortgage loan does not close within 34 days, 23 hours, and 60 minutes - your commercial borrower is toast!&nbsp; The commercial property owner has every right&nbsp; to refuse to sell that $1 million property for $600,000.<br /><br />Option dates are DROP DEAD dates.&nbsp; Do not miss them!<br /><br />You can find hundreds of commercial property lenders on C-Loans.com.&nbsp;&nbsp; <br /><br /><br /></p> 9 application/xml false commercial construction lender commercial construction loan commercial financing commercial loan commercial mortgage commercial real estate loan mezzanine lender mezzanine loan preferred equity C-Loans Commercial Mortgage Lender Databank Apply to Hundreds of Commercial Mortgage Lenders in Four Minutes http://www.c-loans.com/onlineapp Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 johngaudio 216.87.92.57 false true false false true 198508 false false true false false false true 78777 blog blogsite/CLoans/web