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Updated over 6 years ago, 05/10/2018
Typical commercial loan for 8+ Unit Apartment in Los Angeles
Curious as to what a reasonable percentage down would I need?
I don't have steady income so I can't rely on my work to get the rest of the loan. As in, I'll need a commercial loan, based on the current rent of the property.
For example, for a 3 million dollar 8 unit apartment complex, am I looking at 20% or 40-50% with current interest rate levels?