Ethical Resources For Ethical Small Business Owners
Wednesday May 23rd 2012

Would this be considered Real Estate?

To a commercial lender, would the attractions at a family entertainment center be considered real property? Can the cost of the construction of each of those be added to the purchase price of the land, and be paid for with a commercial mortgage? I personally would say yes, because they are "improvements" put on the land. And just to clarify, I am talking about go-kart tracks, mini-golf courses, bumper boat ponds, etc.

Could these be purchased with a mortgage, or would they have to be purchased under a regular commercial loan similar to one you would get for working capital?

StumbleUpon It!

Reader Feedback

One Response to “Would this be considered Real Estate?”

  1. kemperk says:

    i am sure glad you qualified yourself; with those categories of improvements, the answer is yes.

    negotiate with different banks.

Leave a Reply