Oct
08
what is the average % for a deposit on a commercial mortgage?
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3 Comments
April 29th, 2009 at 6:09 pm
Most mortgage companies will over up to 75% financing – meaning you would have to put down 25%. In some cases of excellect credit, assets, income and a low loan amount (under 500,000) you can get 80%. In some cases you can get a 40% loan from a bank and 50% from the small business administration. Try Greenpoint bank, North Fork Bank commercial or Flushing savings bank. If you need help finding a program I am a mortgage broker in Long Island NY, but I can put together a deal anywhere – send me an email
April 30th, 2009 at 8:08 pm
depends on what it is for. 30% or 40% is about right to get a reasonable interest rate. Broadly, more deposit or security = better rate.
May 3rd, 2009 at 11:44 pm
a minimum of 20%