Is it possible to get a 3.5% down commercial loan?

[Tyler J.]

This quadplex I want is both residential and commercial. My current lender is saying I need a commercial loan for the property. I see a lot of places see you need 30% LTV on a commercial loan which I don't have.

What are my options? Thanks all!

[Scott E.]

I have taken out 2 commercial loans in the past couple of years on a medical building and an office building. In both cases the max leverage I could get was 75%.

You can shop around (make sure to try the credit unions) but I doubt you'll find anybody willing to finance a commercial deal at 96.5% LTV. Remember that commercial lenders are going to look at the monthly income compared to the monthly debt on the deal. I don't even have to see your deal to know the numbers won't pencil out with that much leverage (especially with rates being so high)