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View Full Version : what type of loan ?


Din
02-23-2008, 04:39 PM
Some people i know are looking into buying this piece of land with a small building on it, its a closed down store front. Would they be looking to get a business loan for that or some kind of property loan? Also would it be possible to get 100% Financing?

IIIVOVE
02-23-2008, 05:02 PM
you can get a business loan for that (I think if it includes it as part of your business type or plan, err something like that) or you can do a commercial property loan, but if I remember most of them are 20% down. you may be able to find something closer to 100% financed but that rate may be murder even if you have good credit and assets.

Sepultura
02-24-2008, 05:28 PM
at this time, 100% financing is close to obsolete. gl with that.