BiggerPockets

okay i found a site that says it offers 100% ltv on commercial properties that cashflow. Is this for real? How much earnest money is required for an apartment complex. The one I am thinking about making an offer on is asking $700,000. so how much earnest money should I give.

100% financing for CRE does not exist anymore from my experience. I would be very skeptical that any source claiming to lend on that basis is really a scam company trying to part you with money up front. Be very careful.

The earnest money decision really depends on the situation, but 10% does not sound unreasonable. You need to make sure your option periods and such are set up properly in the contract. On a big purchase not knowing what you are doing can be very costly so please be careful.

There are 2 questions here. #1 - whether 100% ltv funding is for real. #2 - how much to offer for ernest deposit. For the deposit, you would always make it to a third party escrow company, like a closing agent, and make sure that there are contingencies in your purchase offer you can get your ernest money back for several reasons. The deposit could be any amount and it only serves the purpose to make your purchase offer valid. It is not a down payment.

The 100ltv sounds very unreal so you need to check out all of the criteria and terms before making any commitments. Is it a partnership? Is it based on 15% cap rate? Is it a 6 month term or anything else that impossible to enter with or exit out? And what if you can't get the 100% loan do you pay the appraisals, title searches, or any other fees that can't get you to closing.