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| *Loan,banking and credit>>>commercial loan |
Does anyone know of a lender who wouldnt require half down for a commercial mortgage loan? |
Does anyone know of a lender who wouldnt require half down for a commercial mortgage loan? Yep. Lots of 'em. 50% downpayment would only usually be required if the property can't cashflow above that mark, or if you have really crappy personal credit, or the property is in bad shape or has potential environmental issues (e.g. gas station). Without knowing why they want 50% downpayments, I can't make any direct recommendations though. I'd just get on the phone and start calling some local banks and lenders and see what you find. 10 years in mortgage banking lign="right" > Sign in to vote! We can do all the way up to 90% on commercial loans. http://www.fivestarsmortgage.com/commerc... will give some basic info on commercial mortgages. If you really need help and you can't find answers there feel free to call or email. My contact info is on the website. http://www.fivestarsmortgage.com/commerc... lign="right" > Sign in to vote! If you are in Alberta Canada I can find you financing, you can contact me @ http://albertamortgageguy.com |
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