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Updated almost 7 years ago on . Most recent reply

Neil P.'s profile image
Neil P.'s profile image
Neil P.
  • from Edison, New Jersey
  • Member since Aug 8, 2014
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80
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19
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Neil P.'s profile image
Neil P.'s profile image
Neil P.
  • from Edison, New Jersey
  • Member since Aug 8, 2014
Connect
Neil P.
  • Edison, NJ
19
Votes |
80
Posts
Buying & Selling Real Estate

Purchasing property with no tenants hard to get a loan

Neil P.
  • Edison, NJ
Posted

I am trying to get a commercial property in hartford Ct.  Its a 6 unit building with 1 commercial unit that is operating.  My income and my partners income is solid.  However, banks are making us put more than 20% to get the property cause there are no tenants in the building.  Any idea how i can get around this?  Anyone have any exp with this ?

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