All Forum Posts by: Michael Lawrence

@Michael Lawrence I have not seen 2nd positions loans on purchase for commercial properties in a very long time…. That being said you can do a HELOC on a property you already own with equity in it which acts as the 2nd position loan. Normally they'll let you go up to 75% LTV if it's an investment property. If you owner occupy it you could find a credit union willing to go to 90% or 95% LTV assuming you have good credit and strong income.

If you’re looking to max leverage a purchase there are still many hard money lenders doing 90% LTC and 100% construction costs but interest rates will be between 10-12% on a 12-18 month term so you need to have a plan go get out of the money quick. 

I hope this helps.

Best,

Jon