Second mortgage financing

[Joshua Loera]

Hello,

I have been doing a lot of reading and research lately on commercial properties. I am looking at buy a 4 unit complex for about $250,000. It generates $4,800 in revenue and is well taken care of.

With commercial loans, you are required to put 20% ($40,000 here).

My question is, can I put 5-10% down and have the lender I work with or even another lender do a second mortgage on the remaining 5-10%?

I am looking to get very creative and appreciate all feed back and advice.

Thank you,

Joshua Loera