Click here to submit your article

Where do you look for commercial loans involving the purchase of real estate?

I'd like to purchase an apartment building. Is this considered a commercial loan and where do you go to find them and what kind of qualifications are necessary? Is it the same as getting a mortgage where you need 20%? Or is it a little different? I don't have many liquid assets but have found a good building?

You need an investment loan. You will need 20-25% for a down payment, but other then that they are like any other loan. The qualifications are the same, there is no such thing as a sub-prime. You also have to have funds to make the payments in the case of no occupancy. You can not use rent from this apartment to secure your loan.



Related articles

commercial loans where to apply online?
When is a lender supposed to give me a good faith estimate on a commercial loan?/?
How will the commercial real estate collapse effect the economy, badly or not?
The FED loans money to the commercial banks at a certain interest rate (2%). Where does this money go?
Should I get a commercial loan or get hardmoney to purchase?


About this site

A blog with some useful articles collected from the net related to Finance, Credit Cards, Mortgage and other such topics

Blogroll