Many borrowers, when exercising a lease-option on a commercial property, will use an SBA loan. There are times, however, when an SBA loan won't work, and a private money commercial loan from here can help.
When a commercial tenant chooses to exercise his option to buy, he will need a commercial loan. Most of the time commercial borrowers, with a lease-option-to-buy, are eligible for an SBA loan because the property is owner-used. By the way, the expression, owner-used, is actually more precise than owner-occupied because a commercial tenant does not actually live in the property.
If you are exercising a lease-option, be sure to submit your commercial loan application to several different SBA lenders. You can submit your commercial loan to over 200 different SBA lenders in just four minutes by tapping here now.