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Updated over 6 years ago,
How to get loans under 500k for commercial properties?
I own some commercial properties. I can't find any lenders who will lend under 500k, so I always have to package properties together to get them over 500k to get a loan.
Now that rates are going up, I don't want to do that..
How do people finance commercial properties under 500k if all the banks and lenders I talk to have either a 500k or 1M minimum? It is oddly frustrating.
No problem getting loans on non commercial or multifamily, but true commercial on the other hand is killing me. I'm about to walk away from a deal I like simply because I don't want to refi my other properties.
Any advice appreciated!