Nicholas J.Poster
- Fire Sprinkler Fitter, Property Manager, Handyman
- Saint Stephen, MN
- 5
- Votes |
- 52
- Posts
Commercial loan advice
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!