LTV with no money down??

[Paul Hillard]

If a commercial property is appraised for more than $800K but the sale price is $600K for me will the bank finance $600K?

Thanks

[Account Closed]

Originally posted by @Chris Adams:

@Account Closed Im not arguing that point. And I completely feel the same way. But I know what banks say and how they look at things.

Now its highly likely that at some point down the road he might be able to refi out his down payment. But I just can't see OP getting a no money down loan for $600k unless he has substantial holding to pledge, or a phenomenal relationship with the bank.

Um, what would be the LTV if the bank gave him $600,000? See how you are trying to make over $200,000 in value disappear?