Updated about 7 years ago on . Most recent reply
5 unit downpayment information
Hey I found myself very interested in a 5 unit. I've never had a conversation with a commercial lender before and I can't call around until later today. I know 2-4 units require 25% minimum, but what are the standards (if there are any) on commercial loan down payments?
Most Popular Reply
It will likely depend more on the property's debt service coverage ratio than on an arbitrary percentage.
PM me and I'll be happy to send you more details on calculating/analyzing the DSCR.
- Jeff Copeland