Mkyz-
Do you have a loan broker?
Most commercial purchases need enough down so they debt service from the income generated (providing for maintainance costs, insurance, taxes, etc).
You may even qualify for an SBA loan (we have)-- so you should check into this (again, a mortgage broker can be invaluable w/this).
Owner carries are also *very* popular for these kinds of deals, since the banks often aren't too excited about them (again, it depends on your area, and lenders).
-Russ H.
Do you have a loan broker?
Most commercial purchases need enough down so they debt service from the income generated (providing for maintainance costs, insurance, taxes, etc).
You may even qualify for an SBA loan (we have)-- so you should check into this (again, a mortgage broker can be invaluable w/this).
Owner carries are also *very* popular for these kinds of deals, since the banks often aren't too excited about them (again, it depends on your area, and lenders).
-Russ H.