🏢 What You Need & What to Expect…
By Marc Giles – Real Estate Agent & Mortgage Loan Originator (NY, NJ, CT)
If you’re a business owner looking to purchase commercial real estate—whether for expansion, relocation, or to stop paying rent and start building equity—you’re in the right place.
One of the first questions I get from entrepreneurs is:
“What do I need to apply for a business loan to buy property?”
The short answer?
✅ A strong business case
✅ Complete documentation
✅ A knowledgeable guide who speaks both the real estate and financing languages (hi, that’s me 👋)
📋 What You’ll Need to Apply for a Business Loan for Real Estate
Here’s a clear breakdown of the documents lenders typically request when evaluating your business loan for real estate purchase:
🔹 For Your Business:
3 years of business tax returns
Year-to-date profit and loss (P&L) statement
Year-to-date balance sheet
Business debt schedule (a list of current business debts and monthly payments)
Business license or certificate of good standing
Organizational documents – LLC operating agreement, partnership agreement, articles of incorporation, etc.
🔹 For You (the Business Owner):
3 years of personal tax returns
Personal financial statement (listing assets, liabilities, income, and expenses)
Government-issued ID
Your professional resume – especially if this is a new venture or expansion
🔹 For the Property:
Property listing or detailed property description
Purchase agreement (if already under contract)
Property details like square footage, location, and intended use
⏭️ What Happens Next?
Once your documents are collected, here’s what the process typically looks like:
Review & Prequalify: I’ll evaluate your financials and run initial numbers to see what loan programs and terms are most suitable for your goals.
Loan Structuring: We’ll build a tailored loan scenario based on your business’s cash flow and property goals.
Underwriting & Approval: After submitting your file, the lender reviews your package for formal approval.
Closing: Once approved, we finalize terms, transfer funds, and close on your new property.
🧠 Pro Tip: The Power of Preparation
Having the right documents ready upfront isn’t just a checklist—it’s a powerful way to:
Speed up approval
Strengthen your negotiating position
Avoid costly surprises during underwriting
And when you’re working with someone who understands both commercial financing and real estate contracts, you’re not just buying property—you’re building leverage.
👋 Let’s Talk About Your Plans
Thinking about buying a building, office space, or retail property for your business?
I’d love to be your guide—from pre-approval to closing, and everything in between. I’ve helped dozens of business owners across New York, New Jersey, and Connecticut unlock the next chapter of ownership.
📞 Call or text me directly at 917-721-5415 to Schedule a Free Consultation
📧 Subscribe to my YouTube Channel.
Marc Giles
Mortgage Loan Originator
Serving NY, NJ, and CT. & Also a Licensed Real Estate Agent NY State and Connecticut.
Helping entrepreneurs own where they operate.
