Posted by Ronald * Starr(in No CA) on August 17, 2003 at 10:36:26:
Craig Wear-------------
Most of us posting here on the main board are involved in residential properties, largely single family. Thus we probably don’t have enough experiences with what you want to give you advice.
There is a separate forum for commerical property here on this CREONLINE.COM website. You might get more knowledgeable readers there.
Good Investing********Ron Starr****************
Commercial Lending - Posted by Craig Wear
Posted by Craig Wear on August 17, 2003 at 07:37:32:
Want to purchase an old home that is zoned commercial. Sublease as a professional office suite. Traditional lender insisting on 20% down and all sorts of records. Looking for a lender to get me in to the income generator for less cash, any recommendations?
Re: Commercial Lending - Posted by Don Dion
Posted by Don Dion on August 17, 2003 at 11:07:59:
This type of property is stuck in the twilight zone, not really residential because of its use and not really commercial because of the loan amount. The only sources for this type of property are local banks.