Experienced Landlords/investrors Please Help With Financing
i own a 7 unit which i bought with 25% down, now i plan to buy a 12 unit with 10 % down , can i get a 10% down loan realistically without any seller financing or other creative ways
one of the direct lender says he can do it but my seller and agent are doubting that he is lying and its not possible and they have never seen 10% down commercial loan.
how can i verify that this is really true .
can i just ask for some written proof which willl assure me and everybody else that the broker is not faking. or is it a scam to get fees from you.
please help.....its very imp.
thnx
The 10% down for commercial prop is bases on a creative way. I do mortgages and I have not found a 10% down on commercial....for now However, there are rumors that it can be done. When I find it, I will post it. Hope this helps.
James