Updated over 18 years ago on . Most recent reply
Commercial property...is this a stretch, or is it possible
Hey guys. I was wondering if anyone has done this or if this is possible. I found some commercial properties I was interested in but I do not have enough cash for the down payment. Could I take out a loan, maybe small business, personal, or from hard money lender for the down payment?? Then with the mortgage if it works out to be profitable I think it would be a good idea. I am a new investor so I am uncertain if I could get approved for something like this, BUT if the numbers work out that with both loans I am still profitable, do you think the bank will give me the loan? Thanks for any help.