Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
7y
It really depends on the size. Smaller properties you can get a loan from a local commercial bank. As long as you can qualify, have cash reserves and you have 20 to 30% to put down. Larger properties are much easier to qualify for as they look at the property income to support the debt service. You still need to have a qualifier for the loan and a down payment.