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Updated about 5 years ago,

User Stats

10
Posts
2
Votes
Gina S.
  • Rental Property Investor
  • Boston, MA
2
Votes |
10
Posts

Commercial property needs repair- how to finance/ buy?

Gina S.
  • Rental Property Investor
  • Boston, MA
Posted

I’m new to commercial financing. I am interested in this commercial property that requires some repairs but the owner wants cash / hard/ private finance. I am assuming someone tried to purchase it but finance didn’t go through because of the repairs it needed. The property is $500k and probably needs about $50k of work. What option is there to finance this?

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