Updated over 9 years ago on . Most recent reply
Commercial Lender 75% LTV
If a multi family property is apprised at $700K and you're able to come to terms with the seller at a purchase price of $525K (75% of appraised value) would a typical commercial lender finance the entire deal if their policy was 75% LTV or would they still require you to have some sort of skin in the game?
Most Popular Reply
Yeah it's the lessor of the purchase price or appraised value. Pretty standard.