Need commercial mortgages - Posted by Alex


#1

Posted by Jim_MA on December 30, 1998 at 19:56:23:

Alex,
The best place for these type of deals with a small local bank in the community where the property is located. Most commercial lenders will want 25% down but the the small bank may be willing to do 80% LTV mine did and could not wait to due the deal with me. It came as a surprize to me because they were willing to due the multi-unit deal but will not due 1-4’s Non Owner Occupied. Every small bank has its niche just find out what each bank has to offer. A strong relationship with a small bank will take you a long way in your investment endeavors.


#2

Need commercial mortgages - Posted by Alex

Posted by Alex on December 30, 1998 at 17:52:29:

I am trying to buy some apartment buildings in the North East.
There are several good deals available but the banks want 25% down + fees.
Does anyone know of lenders who can do deals with smaller down payments?

Alex