Equity loan on strip mall . How to?

[Bill Cippola]

We currently have a few commercial properties in Georgia with $0 debt. Looking to acquire more flip properties and do some maintenance on other properties. Looking at about a $300,000 loan on a property valued at approx $800,000 - 1 million. What parameters will a lender look at? Personal bills, other assets, etc? Current rates on these loans? NOI is about $60,000. Low rents in my area :(

Thanks in advance

BC in Canton, Ga

[Joel Owens]

Bill sorry my post was a typo the keyboard was messing up. 

Small commercial like that probably close to 6% interest rate currently and amortization some of these lenders do not go past 20 years max.

It really depends on the quality of the property you are borrowing against and any personal guarantee you are giving.