What do lenders requre as a downpayment for comercial investment property with posite cash flow?
Sunday, October 12th, 2008 at 11:10 am
Looking For Cash Day Advance Loan Reports
Also, what loan type would be recomended for financing an office building?
Filed in: Cash Lenders
October 14th, 2008 at 2:08 pm
It will depend, in part, depend on your credit rating. Most commercial property will require at least 20% down. You will probably want to get a fixed rate conventional loan. You could check with some loan or mortgage brokers in your area. They could provide more information about requirements.
October 17th, 2008 at 5:00 pm
It depends on how strong of a borrower you are and how strong the property is. You can get loans with 5% down or even nothing down if you use some of your other property.
Matt