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Updated almost 8 years ago on . Most recent reply

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341
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146
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Nicholas Weckstein
  • Real Estate Agent
  • Warrior Run, PA
146
Votes |
341
Posts

Commercial financing questions

Nicholas Weckstein
  • Real Estate Agent
  • Warrior Run, PA
Posted
Hello everyone here at BP ! I'm looking to talk about commercial financing. Looking at a few buildings, one is 6 units and the other is 9 units. I have the down payment. I have the credit score, and I have another rental property but it has been less than a year of ownership. From what I know usually it's a 7 year balloon payment fully amortized (30 years) and the property Has to have at least a DSCR ratio of 1.25.

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