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All Forum Posts by: Joe Yeh

Joe Yeh has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: Typical commercial loan for 8+ Unit Apartment in Los Angeles

Joe YehPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 1
  • Votes 0

Curious as to what a reasonable percentage down would I need? 

I don't have steady income so I can't rely on my work to get the rest of the loan. As in, I'll need a commercial loan, based on the current rent of the property.

For example, for a 3 million dollar 8 unit apartment complex, am I looking at 20% or 40-50% with current interest rate levels?

0 Votes