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Can your company get me a commercial Down Payment for a Property of $1,700,00?

by Theresa_stjean45 from Easton, Connecticut. Oct 31st 2016 Reply


Hello, I would need more info to figure out what you would qualify for. If you can please fill out a short application on my website www.thehomeloanspecialist.com

Oct 31st 2016
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Brad Tippett (btippe_202_589)
#29 ranked lender in Connecticut - 10 contributions

How & why would a company provide a down payment for a borrower on any purchase, whether residential or commercial?We provide financing only, residential & commercial.

Oct 31st 2016
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Nikitas Kouimanis (MrMortgage)
#10 ranked lender in New York - 100 contributions

You need to be more specific please

Nov 1st 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,466 contributions

Hmmm.. your question is confusing.. are you asking for a $1.7M loan which will be used for a down payment on a commercial property? If that's the case, then absolutely NO.. think about this... Lets say your looking to purchase a $1M commercial property, but the lender is asking for 30% down.. and they are willing to finance you at $700K or 70% Loan to Value (LTV).. Based on their "Risk Assessment" they have determined that they feel comfortable at 70% LTV.. But you are asking for someone else to step up and loan you the $300K as down payment.. so for that loan, they would be in 2nd position, at 100% loan to value... There is no way you will ever find a lender willing to lend you based on this scenario.. 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 NMLS# 226347

Nov 1st 2016
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