Financing


The Lake Wylie Business Centre has established a list of Institutions and Lending Officers who are willing to assist you in your purchase. We also work with The Small Business Administration and their loan program. We will be happy to provide you with a list of Lending Institutions at your request.

Please also feel free to contact any lender you choose. If they need information from us, we will do our best to answer any questions regarding our business centre.

 

 

 


 

 

 

 

Financing Questions

What is my deposit, and when does it become non-refundable?

At contract execution, the purchaser must provide a deposit of $1,500, which is fully refundable for 30 days. An additional $5,000 with proof of financing is due within 30 days of signing of the contract.

When do I need to have financing in place?

A letter of commitment from a recognized lending institution must be sent to us within 30 days of signing of the contract.

What are my expected closing costs?

There are two types of closing costs. The first closing is for your loan, and the second is for the property. The closing cost of your property is dependant upon the purchase price. We can provide you with an estimated closing cost for the property; you will need to contact your lending institution for an estimated closing cost for your loan.

What if I cannot obtain financing?

If you are not able to obtain satisfactory financing, we will cancel your contract and refund your deposit in full.

When do I close?

Within 14 days of being contacted by The Lake Wylie Business Centre to inspect your completed office space.

 

 
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