Posted by John Corey on March 14, 2006 at 16:57:56:
Commercial normally takes a reasonable down payment.
The income projections will matter a lot as well as the type of use the building supports.
Your credit score is pretty low. There is more to it than that for this type of building (commercial but what type).
Your track record with a similar property will matter.
Seller financing is an option or can enhance the situation.
So, it might be possible but a lot more info is needed. Ed will want to know the answers to about 18 questions.
John Corey