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Updated over 5 years ago on . Most recent reply

User Stats

137
Posts
123
Votes
Ryan Saulle
  • Flipper/Rehabber
  • Rahway, NJ
123
Votes |
137
Posts

Owner-Occupied Commercial Mortgage (Business)

Ryan Saulle
  • Flipper/Rehabber
  • Rahway, NJ
Posted

Hey BP!

Any recommendations for an owner-occupied commercial mortgage (small business) in New Jersey. The property is a 2000 sq ft. mixed-use building. 

About 1000 sq ft. commercial space on the first floor which our business will be occupying and 

about 1000 sq ft. residential space second floor which will be rented to a tenant. 

Thank you!

Ryan

  • Ryan Saulle
  • Most Popular Reply

    User Stats

    1,543
    Posts
    1,100
    Votes
    Kevin Romines
    • Lender
    • Winlock, WA
    1,100
    Votes |
    1,543
    Posts
    Kevin Romines
    • Lender
    • Winlock, WA
    Replied

    So long as you owner occupy at lest 50% of the space, you should be looking at an SBA loan. It will give you the best terms and you can also get operating cash, as well as funding for equipment if you need it?

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