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Updated 5 months ago, 08/09/2024
Trailer park lending
Does any one have a lender that can do less than 20 percent on a commercial property in Alabama
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.
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.
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.
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.