Commercial Financing Questions 101
Hey all, well like most of us I started investing in single-family homes, and now would like to move into multi family apartment buildings. I have a few questions below to help me prepare for entry into this market. I hope you all can help answer my questions, and happy investing!
1. When applying for commercial financing will the banks review my personal credit score?
2. What is the expected down payment, cash I need to have, when financing commercial property?
3. Can anyone recommend a financial institution for commercial financing in the metro Detroit area?
Thanks
Jeff