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Updated about 9 years ago on . Most recent reply

Moh Said's profile image
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Moh Said
  • from Blacklick, Ohio
  • Member since May 20, 2015
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Moh Said
  • from Blacklick, Ohio
  • Member since May 20, 2015
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Moh Said
  • Blacklick, OH
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Commercial Real Estate Investing

Getting a commercial property funding

Moh Said
  • Blacklick, OH
Posted
I am trying to make an offer for commercial building which is currently vacant. Asking price is $950k.. How can i get help for commercial lending and what is the down payment is needed for this type of purchase. Thanks MS
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Rita Bautista
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  • from Chicago, Illinois
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Rita Bautista
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  • from Chicago, Illinois
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Rita Bautista
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  • Chicago, IL
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Rita Bautista
  • CEO
  • Chicago, IL
Replied

If you plan to rehab it, you might consider a project / construction bridge loan combined with the acquisition loan. For that you will need about 10 -20% cash injection.  You can refi when it's stable.  You will need a business plan to show how you will become profitable and the timeline.   I source for commercial loans nation wide. 

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