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Updated over 7 years ago on . Most recent reply

Nicholas Weckstein's profile image
Nicholas Weckstein's profile image
Nicholas Weckstein
  • Real Estate Agent
  • from Warrior Run, PA
  • Member since Jul 18, 2016
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Nicholas Weckstein's profile image
Nicholas Weckstein's profile image
Nicholas Weckstein
  • Real Estate Agent
  • from Warrior Run, PA
  • Member since Jul 18, 2016
Connect
Nicholas Weckstein
  • Real Estate Agent
  • Warrior Run, PA
146
Votes |
341
Posts
Buying & Selling Real Estate

Commercial financing questions

Nicholas Weckstein
  • Real Estate Agent
  • Warrior Run, PA
Posted
Hello everyone here at BP ! I'm looking to talk about commercial financing. Looking at a few buildings, one is 6 units and the other is 9 units. I have the down payment. I have the credit score, and I have another rental property but it has been less than a year of ownership. From what I know usually it's a 7 year balloon payment fully amortized (30 years) and the property Has to have at least a DSCR ratio of 1.25.
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