Updated 2 days ago on . Most recent reply
Commerical Lenders who don't require a large down payment
I am trying to find a lender or lenders that offer financing with a minimal down payment for multiple professional office properties that are all under long-term lease agreements with the current tenant. I was told a few years ago that there were some podcasts on BiggerPockets about some special lenders who do offer this type of lending. I have looked into a possible SBS 504 funding; however, I am looking at a range of around $6-6.5 million for all the properties that are being sold as a portfolio, and the SBA doesn't offer lending over $5 million, I was told. The business would be located in Minnesota, and the properties in question would be spread out in 3 different states in the Midwest. Thanks for any help in steering me in the right direction.