I only have one commerical lender that will allow me to engage in a land contract.

Can anyone give me some leads? I am looking to finance a $500k Mix used building with 6 apartments/1 store in NJ.

Thanks,
:pup:

I'm an Realtor Associate with a Company that does Real Estate transcations and mortgages for residental and commerical properties.

rentals, commerical or buy/sell business?

Just do a rough calculation (your cash X 4) to determine if you can even consider getting into commercial properties.Evaluate your cash, do a market analysis for your chosen niche in commerical real estate (gotta have tenants), and then go search interest rates.

Several big developments (retail/commerical) planned along the tollway frontage and several large high tech employers nearby.

For me personally I simply don't know enough about the legalese that needs to be in commerical contracts and I'm not ready to bite off more than I can chew there.Not only that, but I have one other big problem.

Start saving, you're going to need a large downpayment and 6 months of cash reserves to buy your first commerical property.

I only know about this as I am seeking money on my commerical property as well.

commercial all mostly depends on the income as in my experiencei have made quite some good profit but lost many as well. however, residential is better since financing is much better. commerical determines on rental coming in AND track record. if you don't have some good quality tentants...finding the loan is difficultthankssunsmicro