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Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
1
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Thao Le
  • Investor
  • Anchorage, AK
1
Votes |
7
Posts

Commercial loan for a multifamily building.

Thao Le
  • Investor
  • Anchorage, AK
Posted

Hello BP community!

I just came across a property that has an ROI of 30% that I need the down payment of 20 - 25% commercial loan for. What are some creative ways that I can use to come up with the money? Does commercial loan allow for me to use my 401K as the down payment? how about gift from family? How does seller finance work?

Thanks so much for your input

Thao

Most Popular Reply

User Stats

1,251
Posts
261
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Bob Green
  • Lender
  • Mokena, IL
261
Votes |
1,251
Posts
Bob Green
  • Lender
  • Mokena, IL
Replied

Hello Thao,

You can take a loan against your 401K for down payment. Is this a turnkey property or require rehab?

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