Updated over 16 years ago on . Most recent reply
Need some general info help
We came across this deal and we're not willing to pass it up. We weren't planning on going into commercial real estate this soon but here we are, trying to learn what we need to to get it done.
16 unit building/ bank owned 15 units currently occupied.
asking price 295k
average current rents 600-650/unit
My question is do any of you know of commercial lenders that do NOT require seasoning with your down payment?
Can you recommend any DPA lenders?
What are the requirements for obtaining a commercial loan?
Thanks,
Scott