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Updated almost 9 years ago,
Small commercial loans
Hello all,
I saw a commercial property that I was interested in that is going for $89k, a 4 unit residential with 2 office spaces.
I'm having trouble finding lenders that will lend me the amount minus a 20% down payment.
A lot of commercial lenders only lend with a minimum of $400k. I got a suggestion of offering a cash deal, but my credit card limits wouldn't allow me to take $70k in a cash advance.
Any ideas?
Thanks.