Recommendation for Commercial loan !

[Atta Bari]

Looking for a commercial loan. Would like to know the ongoing interest rate with what %age down for how many years?

And if anyone can recommend lenders they work in the past would be great as well.

please feel free to PM.

[Michael Jones]

Good morning Atta. Unfortunately, a request like that is way too broad and almost no one will give you an answer that is very helpful. I'd say generally, you're looking to put 20% to 25% down as an investor, but you might be able to put as little as 10% down if you're going to owner occupy. Each bank is going to have a risk appetite and will be willing to lend based on the facts and circumstances of your individual scenario.

This is a situation where you're going to have to do some leg work and speak with commercial real estate brokers as to who they would recommend working with and then call local banks. Sometimes local is best.