Updated over 5 years ago on . Most recent reply
Financing options on Small Commercial NNN Property
Hello Everyone!
I recently picked up a Bank NNN property in OH at Auction. I was curious if anyone has had success in getting small commercial loans with a competitive rate, based on the lease in place I would be seeking 5 years / 25 yr amortization. Most of the lenders I have seen look at 500K+ mortgages, this property I would be looking to do an LTV 50% at a $530K purchase price. If you have financed a small property like this before and have a lender you would recommend or advice, it would greatly be appreciated!
Thank you for your time!