Advice on borrowing against a paid off Commercial property to buy an additional one.

[Mark Daniels]

I know in residential lending you can get a HELOC to borrow a down payment to buy another property. Does this exist in the commercial realm? Current value of paid off property is roughly 350k , looking to borrow 75k-100k down payment to purchase a 275k commercial property. Any advice? Thank you!

[Jaycee Greene]

Quote from @Mark Daniels:

I know in residential lending you can get a HELOC to borrow a down payment to buy another property. Does this exist in the commercial realm? Current value of paid off property is roughly 350k , looking to borrow 75k-100k down payment to purchase a 275k commercial property. Any advice? Thank you!

Hey @Mark Daniels, welcome to the BP Forum! Unfortunately, such a funding option is not generally available for commercial properties, unless your LLC or Corp that is the borrower has other "unencumbered" assets that can be leveraged to generate the funds you need.