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ThinkSBA is a Nationwide SBA 504 and 7a Loan Brokerage serving small business and entrepreneurs purchasing owner occupied real estate, acquiring a business or franchise or buying out a partner.

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Commercial Real Estate Mistakes That Can Cost You Millions | Real Estate Attorney Explains

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Commercial real estate attorney Kevin Simonsen explains the legal mistakes that can cost business owners and real estate investors hundreds of thousands of dollars, or even millions.

In this episode of the My SBA Loan Pro Podcast, Ryan sits down with Kevin Simson to discuss the legal side of commercial real estate, including commercial leases, purchase agreements, negotiations, due diligence, and common mistakes business owners and real estate investors should avoid.

Kevin brings nearly two decades of experience in sophisticated commercial real estate transactions, including leases, acquisitions, development, construction, and financing.

In This Episode:

  • Why commercial real estate is different from residential real estate
  • Why you should involve a real estate attorney before signing an LOI
  • What a retrade is and how it can affect a deal
  • Commercial lease negotiation strategies
  • Common commercial real estate contract mistakes
  • Why due diligence matters before buying a commercial property
  • How unclear lease terms can create massive unexpected costs
  • The difference between a commercial real estate broker and attorney
  • How one property owner faced foreclosure after years of unpaid property taxes
  • Why liability protection and proper entity structure matter
  • What buyers and tenants should negotiate in commercial real estate deals
  • Insights into the San Diego life science and biotech real estate market

If you’re a business owner, commercial property investor, landlord, tenant, or entrepreneur considering a commercial real estate transaction, this episode will help you understand the risks before you sign.

🎙️ Hosted by Ryan Smith
👨‍⚖️ Featuring Kevin Simonsen

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https://thinksba.com/faq – Frequently Asked Questions
https://mysbaloanpro.com⁠ – My SBA Loan Pro Podcast
http://youtube.com/@thinksba – YouTube Channel

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About Ryan Smith

Ryan Smith is Principal and Founder of ThinkSBA®, and Creator of The My SBA Loan Pro Podcast. Ryan specializes in assisting business owners and entrepreneurs with obtaining financing to purchase owner occupied real estate, acquire a business or franchise, or buy out a partner. Ryan accomplishes this by leveraging over eighteen years experience inside two of America’s top financial institutions.