You will never find a 100% loan on a commercial property.. That is unless your related to Donald Trump.. The only time I have ever seen an exception is for a seasoned investor who has done numerous loans through the same lender, and have never had an issue.. then in this scenario, a lender might allow for 100% LTV.. but aside from that, you will not find a loan at 100%.. As I said in my previous response, it really does not matter what the property is worth.. it could be worth $10M, and you can be buying it for $100K, but a commercial lender will still require you put 30% or more down, and you must prove you have sufficient funds for operating costs. Your far better off trying to find an angel investor or venture capitalist.. but even these types of folks will sometimes require you to put some of your own funds into the project as well, or at lease show you have the operating costs accounted for.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Nobody does 100% financing for commercial loans. Your best bet would be and SBA loan or trying to get a grant. If you send me all the information I can work on what is out there. You should put together a proposal with projections and information about business and property (Business plan/presentation). You can send the information to mwrowlands@comcast.net
Ask our community a question.