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If a commercial loan to purchase a building is 1/2 the appraised value does the downpayment still need to be 20 %?

by info169 from , California. 8 days ago Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,515 contributions

YES. Down payment requirements are based on purchase price, not appraised value.

8 days ago
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