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Private Lending & Conventional Mortgage Advice

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52
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Nicholas J.
  • Fire Sprinkler Fitter, Property Manager, Handyman
  • Saint Stephen, MN
5
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52
Posts

Commercial loan advice

Nicholas J.
  • Fire Sprinkler Fitter, Property Manager, Handyman
  • Saint Stephen, MN
Posted Feb 15 2018, 17:29
I’ve been calling around and talking to different local community banks about obtaining a commercial loan for a multi family purchase, and ran across a bank that only requires 10% down. Obviously numbers on a purchase have to work with only 10% down, what are the negatives to going that route versus the 20-25% all the other banks require? Thank you!

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