Also, what loan type would be recomended for financing an office building?
2006-12-03 14:22:20 · 2 answers · asked by Todd R 1 in Business & Finance ➔ Investing
It will depend, in part, depend on your credit rating. Most commercial property will require at least 20% down. You will probably want to get a fixed rate conventional loan. You could check with some loan or mortgage brokers in your area. They could provide more information about requirements.
2006-12-03 14:27:39 · answer #1 · answered by Flyby 6 · 0⤊ 0⤋
It depends on how strong of a borrower you are and how strong the property is. You can get loans with 5% down or even nothing down if you use some of your other property.
Matt
http://www.diversifiedlender.com
http://www.homemortgageminnesota.com/
http://www.refinance-second-mortgage.biz
http://www.minnesota-mortgage-rates.net
2006-12-03 23:56:38 · answer #2 · answered by Matt J 3 · 0⤊ 0⤋