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
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