Vladimir, most likely the lender will be a different entity from your parking garage operator. You will have to do some research based on your location but you can hire somebody like Standard Parking to review your location and give you an advice. You need a parking expert to conduct a feasibility study if the structure is not currently used as a parking garage. This will consequently be more challenging to obtain financing because you are basing your income on pro forma numbers and not actuals. I don't want to discourage you though. If the numbers make sense, go for it.
Oct 29, 2009