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February 2002

Buy Commercial Real Estate with 10% down

This new program allows unlimited secondary financing and will allow the buyer to put down as little as 10% of the purchase price. For loan amounts of $400,000 and up the program allows up to 70% financing of the lender’s valuation. This would allow you to do 10% down if you secured 20% financing from the seller.

For loan amounts below $400,000 the program allows up to 65% financing of the lender’s valuation. This would allow you to do 10% down if you secured 25% financing from the seller.

Interest rates and leverage are tiered based on credit scores. Financing is available for A, B, C and D credit.

HIGHLIGHTS INCLUDE:

  • Any income producing commercial real estate will be considered
  • Loan amounts from $300,000 to $6,000,000
  • Programs available include Standard, Light, and No Doc, or Bridge
  • Fixed rate or adjustable (Prime or 6-month LIBOR) rate available
  • 15 and 20 year terms available