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Updated almost 6 years ago,
10% Down on Commercial Real Estate
Hello everyone! I am currently looking to purchase a commercial / mixed use building but a majority of my funds are tied up in closing on two other properties. I am really trying to only pay 10-15% down so I can leave myself some money to make upgrades to the building before renting it out. The owner of this building is not really into seller financing and the banks I talked to (even a small local) want 25% down. This would be my first commercial property so I have no track record in this part of the game. Does anyone know of any institutions / companies / ways to find commercial financing at 10-15% down? I'm in Washington State btw if that has any bearing on anything. I appreciate any suggestions and insight. Please and Thank you!