Hi

What are the possibilities of getting a commercial loan for 95% LTV on a 2.7 million dollar Resort Park?

I am hoping I can get some ideas on improving the chances of getting this funded with a 695 credit score.

Thanks!

Camille:

Commercial lending is such a "deal specific" situation that giving you a % with such limited information would be misleading at best.

With only a loan-to-value of 95% on a special purpose property, I would have to say…… Very, very small chance.

Depending on the cashflow and fiscal history you may be able to get a max 80% without pledging other assets. I have seen other business+real estate deals get financed as high as 93% BUT with the pledging of other substantial assets. You need a convincing Biz plan, expertise in running the place and a need to offer up part ownership to an investor to secure that 85-95% financing that you seek.