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Updated over 3 years ago on . Most recent reply

Valerie Post's profile image
Valerie Post's profile image
Valerie Post
  • Investor
  • from North Dakota
  • Member since May 21, 2021
  • Posts 49
  • Votes 16
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

49
Posts
16
Votes
Valerie Post's profile image
Valerie Post's profile image
Valerie Post
  • Investor
  • from North Dakota
  • Member since May 21, 2021
  • Posts 49
  • Votes 16
  • Experience 4 Yrs
  • Investments 1
Connect
Valerie Post
  • Investor
  • North Dakota
16
Votes |
49
Posts
North Dakota Real Estate Q&A Discussion Forum

North Dakota Commerical Loan Downpayment--25%?!

Valerie Post
  • Investor
  • North Dakota
Posted

Hello, BP crowd! I am looking for financing for purchasing my first rental property and am looking for a fixed APR (no arms, balloons, or anything else that will go *pop*). I was told by a lender that they required 25% down. Is this the norm? Seems steep to me and I wanted to get a feel for what is available and typical. Obviously I will be asking around but I would love to hear feedback from people. This will be a loan for an LLC.

Thanks for your time and help!

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