Updated over 3 years ago on . Most recent reply
John McKeePoster
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Trouble with financing the mom and pops
John McKeePoster#5 Commercial Real Estate Investing Contributor
#5 Commercial Real Estate Investing Contributor
- Investor
- Fairfax, VA
I spoke to 3 lenders that want 40-50% down range on a mom and pop bakery. Yes they are new, but have a 10 year lease with personal guarantee. It's a class A location. That's too much to put down as it takes away the leverage of real estate. Is this typical?