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Updated about 6 years ago,
how to get commercial loan ?
I want to buy a commercial office building with asking price 1.5m, want to know how to get loan.
I have a 100% owned IT consulting company, each year it can make 200k profit, my wife can make 24000 after tax. we owned three properties, worthy of 700k. I have good credit score.
now how to get loan for 1.5m commercial building ? definitely I can get heloc with 80% LTV, around 560k. after that what I should do ? still qualified to get commercial loan for rest of amount ?
Thanks