Commercial Lender 75% LTV

[Kurt Bouma]

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?

[Eric Schleif]

Yeah it's the lessor of the purchase price or appraised value. Pretty standard.