Updated over 9 years ago on . Most recent reply
Getting a commercial property funding
I am trying to make an offer for commercial building which is currently vacant. Asking price is $950k..
How can i get help for commercial lending and what is the down payment is needed for this type of purchase.
Thanks
MS
Most Popular Reply
If you plan to rehab it, you might consider a project / construction bridge loan combined with the acquisition loan. For that you will need about 10 -20% cash injection. You can refi when it's stable. You will need a business plan to show how you will become profitable and the timeline. I source for commercial loans nation wide.