Buy Commercial Real Estate with 10% down
This new program allows unlimited secondary financing and will allow the buyer to put down as little as 10% of the purchase price. For loan amounts of $400,000 and up the program allows up to 70% financing of the lender’s valuation. This would allow you to do 10% down if you secured 20% financing from the seller.
For loan amounts below $400,000 the program allows up to 65% financing of the lender’s valuation. This would allow you to do 10% down if you secured 25% financing from the seller.
Interest rates and leverage are tiered based on credit scores. Financing is available for A, B, C and D credit.
- Any income producing commercial real estate will be considered
- Loan amounts from $300,000 to $6,000,000
- Programs available include Standard, Light, and No Doc, or Bridge
- Fixed rate or adjustable (Prime or 6-month LIBOR) rate available
- 15 and 20 year terms available