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Updated almost 9 years ago,

Account Closed
  • Real Estate Investor
  • Ephrata, PA
2
Votes |
58
Posts

Small commercial loans

Account Closed
  • Real Estate Investor
  • Ephrata, PA
Posted

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.

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