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Updated over 8 years ago,
Seeking Advice From Commercial Mortgage Brokers
My partners and I are trying to figure out our financing for a couple deals we currently have under contract, as well as any future deals. We will be establishing an LLC for each buy and hold deal we close and intend on raising private money to fund down payments + rehab costs if necessary (is this even possible to do?).
Other questions I have are:
Assuming we have a 75-80% LTV, how long must we hold the property until we can do so?
What are the different amortization period options for commercial loans? Maximum term?
Can you use a commercial loan on a SFR?
Does anyone have any Commercial Mortgage Broker referrals that work in Massachusetts?
Any input so we can start working towards closing these deals would be greatly appreciated.