Buying commercial property is a disciplined journey from search to close. Here’s a pragmatic playbook to help you move with confidence.
1. Define Your Investment Thesis
- Asset type, location, and market subsegments
- Target returns, holding period, and exit strategy
- Financing plan and ownership structure
A clear thesis keeps your team aligned and speeds up decision-making.
2. Build Your Financing Framework
- Potential lenders and loan programs
- Expected DSCR, LTV, and debt service commitments
- Down payment, reserves, and contingency planning
3. Conduct Thorough Due Diligence
- Legal: title, liens, permits, and land use
- Financial: rent rolls, operating statements, CAPEX history
- Physical: condition, environmental, and code compliance
- Market: submarket dynamics, rent comps, and vacancy
4. Structure and Negotiate the Deal
- Contingencies, earnest money, and closing timelines
- Tenant or user protections, if applicable
- Post-closing obligations and transition plans
5. Close with Confidence
- Confirm funds, title transfer, and insurance setup
- Align on lease onboarding, if holding or leasing post-close
If you’d like a tailored buying plan for a CRE transaction, I’m ready to help. I’m Matt Bingaman. Contact me today