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User Stats

11
Posts
4
Votes
Diandre Pierce
4
Votes |
11
Posts

User Stats

15
Posts
2
Votes
Dylan Martin
  • Banker
2
Votes |
15
Posts
Dylan Martin
  • Banker
Replied

Hey Diandre, 

Less than 30% Down for a Commercial property is nearly impossible to find, unless you have other properties to cross-collateralize. Your best bet is likely going to be trying to figure out some sort of seller-financing, or bring on a partner to the deal that can supply the additional cash. 

User Stats

34
Posts
10
Votes
Stacy Patel
  • Lender
  • Florida
10
Votes |
34
Posts
Stacy Patel
  • Lender
  • Florida
Replied

Finding a lender who offers less than 20% down for commercial properties, especially in areas like Gulf Shores, Alabama, can be challenging.
Seller Financing: This can be a viable option if the seller is open to it. Seller financing allows you to negotiate terms directly with the seller, which might include a lower down payment.

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User Stats

11
Posts
4
Votes
Diandre Pierce
4
Votes |
11
Posts
Diandre Pierce
Replied
how can I utilize my 6 houses and cross collateralize ?



Quote from @Dylan Martin:

Hey Diandre, 

Less than 30% Down for a Commercial property is nearly impossible to find, unless you have other properties to cross-collateralize. Your best bet is likely going to be trying to figure out some sort of seller-financing, or bring on a partner to the deal that can supply the additional cash. 


User Stats

15
Posts
2
Votes
Dylan Martin
  • Banker
2
Votes |
15
Posts
Dylan Martin
  • Banker
Replied
Quote from @Diandre Pierce:
how can I utilize my 6 houses and cross collateralize ?



Quote from @Dylan Martin:

Hey Diandre, 

Less than 30% Down for a Commercial property is nearly impossible to find, unless you have other properties to cross-collateralize. Your best bet is likely going to be trying to figure out some sort of seller-financing, or bring on a partner to the deal that can supply the additional cash. 


I only know of one place that does this and I'm unsure if they do Trailer Parks. I will call them this afternoon and shoot you a message!