Updated about 7 years ago on . Most recent reply
Commercial Property - down payment question
I am in business for myself & I am looking at buying a commercial property. Our market is very good and this deal I have in front of me is decent. There is a tenant that would come with the property taking up about 40% ( good solid tenant for 6 years). Tenant rent would pay for about 40% of the mortgage and my portion would not be a lot more than what I am currently paying for a smaller space. Issue is the down, i have access to the funds but would have to liquidate assets and don't want to do that. Any creative ideas to come up with the down or portion of?
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@Allison Levine Any chance you could share the rough numbers here or even better plug them into the calculator and share them here?
@Dan Wallace If you're suggesting 90-100% financing on this property any reason why we can't walk through them in this thread?