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Updated almost 6 years ago on . Most recent reply

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29
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Daniel Consalvo
  • Rental Property Investor
  • Lunenburg, MA
15
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29
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Commercial Financing for Residential Building

Daniel Consalvo
  • Rental Property Investor
  • Lunenburg, MA
Posted

I will be acquiring a property (5+) units) in the near future that will require a commercial loan.  What are good questions to ask the lender when applying for a commercial loan.  I have a lot of experience in 4 units or less but not 5+ unit financing.  Any help would be appreciated.

Thanks!

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151
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Replied

9 Questions to Ask Your Commercial Lender

  • Are you an expert in my market? ...
  • How long does it typically take to close? ...
  • What other loan options are available? ...
  • What are the application fees — and how do they break down? ...
  • Can I have a copy of my appraisal, credit report and engineer report? ...
  • What is the good faith deposit? ...
  • How long can you lock in my rate?

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