Getting a commercial property funding

[Moh Said]

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

[Rita Bautista]

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.