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Updated about 3 years ago,
First Commercial Loan
Hey all,
Long time lurker, first time poster here. Looking for some insight on what banks look for when underwriting a commercial loan. I know there has to be some nuances compared to a conventional.
I've bought and sold a few properties now, to include a flip I just sold.
There is a property Im looking at that is relatively cheap ($200k) if that makes a difference. I'm thinking being able to throw a sizeable down payment will help my odds with getting approved.
Any insight is appreciated!