Comments on: Can u take out two mortgage on the same commercial property in order to purchase it?

By: jenay672001

jenay672001 — Thu, 07 May 2009 01:50:55 +0000

No, it doesn’t work that way. Not in this market, not on that type of transaction. And you will not find an institutional 80/20 for commercial property. You will need a big downpayment.

By: ronidl76

ronidl76 — Tue, 05 May 2009 15:14:03 +0000

With an 80-20 loan. 20% loan is much higher interest.

By: Charles W

Charles W — Sun, 03 May 2009 15:48:37 +0000

You can take out a first mortgage and a second.
You can’t have two first primary mortgages, that is why they check title to find out all other claims on the property.