Commercial loan for office space

[Sly H.]

What’s the best way to get a commercial loan? As of now I have gone through a community bank but due to the building being setup like a condominium with no condominium dues they don’t feel comfortable and want to charge 30% down payment instead of 25%. Any advice on how to deal with a bank for a commercial loan, and which type of bank is best would be greatly appreciated. Thanks

[Kelsey Jurewicz]

Quote from @Sly H.:

What’s the best way to get a commercial loan? As of now I have gone through a community bank but due to the building being setup like a condominium with no condominium dues they don’t feel comfortable and want to charge 30% down payment instead of 25%. Any advice on how to deal with a bank for a commercial loan, and which type of bank is best would be greatly appreciated. Thanks

 I would shop around and compare quotes between commercial lenders until you find best rate/terms. If you need a quote to compare, send me a DM I can connect you with a commercial lender in your area.