2007-03-14 10:26:31 · 5 answers · asked by BingoBanggoBongo 1 in Business & Finance ➔ Renting & Real Estate
If you are in Alberta Canada I can find you financing, you can contact me @ http://albertamortgageguy.com
2007-03-14 11:31:56 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yep. Lots of 'em.
50% downpayment would only usually be required if the property can't cashflow above that mark, or if you have really crappy personal credit, or the property is in bad shape or has potential environmental issues (e.g. gas station).
Without knowing why they want 50% downpayments, I can't make any direct recommendations though. I'd just get on the phone and start calling some local banks and lenders and see what you find.
2007-03-14 10:30:07 · answer #2 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
We can do all the way up to 90% on commercial loans. http://www.fivestarsmortgage.com/commercial-mortgage/ will give some basic info on commercial mortgages. If you really need help and you can't find answers there feel free to call or email. My contact info is on the website.
2007-03-14 10:51:46 · answer #3 · answered by Anonymous · 0⤊ 1⤋
while you're intend to stay interior the apartment, your probability is extra clever. investors getting one hundred% financing on condos is getting rarer and rarer recently. i've got heard of one hundred% classes with out deepest loan coverage provided via the massive banks. you like a credit nicely over seven-hundred nevertheless. the fee is somewhat greater, however the base line seems stable. Assuming the broker will make contributions on your final expenses (say 3% or extra), you will possibly be able to desire to in all probability get your interest fee "offered down" on a similar time as stepping into with 0-down.
2016-10-18 09:37:10 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Absolutly!! 50% down is very high.
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2007-03-16 06:18:30 · answer #5 · answered by glamour girl 2 · 0⤊ 0⤋