What are some different ways to finance commercial land?

Question

Down payment amounts?
Interest rates?
mortgages?

It is a small piece of commercial real estate zoned property. I am looking to purchase the property, but avoid a large down payment. I am not overly concerned with the monthly payment because the property isn't that expensive, but more so the down payment. I am hoping to only have to put down 10% as opposed to the 30% standard that I am told about.

Answer 1

Above answer is correct. Depending on what your plans are for the land, where it is, you have options. You could do a traditional purchase with you bank, you could JV the land with the current owner, you could bring in investment partners. Developing land is complicated and unless you've had some experience, it's going to be tough. Soft cost could kill you unless you know what to expect. If you have a specific scenario, I may be able to give you some more specific feedback.

Answer 2

Very open-ended question. For every investor there are probably 10 different scenarios.