Loan for Commercial Real Estate (Retail Center)
I'm looking at a multi-tenant property with 2 anchored tenant. The property is 75% occupied with a cap rate of 8% in a dense location with higher than average household income. The property price is $1.6M
My my understanding, I will need 25% down payment plus 5-10% liquidity. So I will need roughly $560k. If I can come up with $300k, can I use a bridge loan or private loan to make up the rest ($260k)? If a bank was underwriting this loan, will this be an issue? Are there any other ways to make it work?