Jman2006
Jul 15 2006, 08:15 PM
I have a client who wishes to buy a movie theater in Texas he has little money to put down but has 800+ Credit. I do not usually do Commercial Loans any ideas on this one.
The Purchase Price is very low less than $200,000
Thanks
LenderBuddy
Jul 15 2006, 08:42 PM
The easiest way to do this is via SBA loans. The borrower will need to come up wit 10%-15% down payment on the real estate value and say 50% of the business value. Most conventional lenders aren't comfotable lending to movie theaters. Talk to a commercial loan broker.