Banks business loans

[Jack Thanadabouth]

What is an average down payment for a business loan. I want to purchase 5 units apartments or more. What down payment amount am I looking at?

[David Acosta]

Hey @Jack Thanadabouth - you'll likely be looking at a commercial loan if you're buying 5+ units.  25% is a good basis to go off of, but the loan can be geared toward the specific needs of the property.  For instance, if you're looking at a heavy value-add, you can roll the renovation budget into the proceeds and post-close funds.

Outside od the downpayment, you'll have your normal closing costs, etc that you'll need to bring to the table.