90% Stated Commercial Land Loan
Posted 15 December 2004 - 03:13 PM
Posted 15 December 2004 - 09:46 PM
Is its a land loan or a retail store loan. If land, unless its a develpment project you will not get more than ~70% financing (Hard money lenders who will put a lien on other assets including the family dog excluded).
Posted 15 December 2004 - 10:02 PM
Other than additional environmental risk associated with the business conducted by an automotive repair shop, having an additional tenant should be a plus for the loan specially if the tenant has been there a long time.
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