Updated over 6 years ago on . Most recent reply
Owner-Occupied Commercial Mortgage (Business)
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
Most Popular Reply
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?