Assuming all eligibility requirements are met (credit score, years in business, etc..) what might the best commercial loan option be for trying to buy 100% ownershipship condos/units that are part of an existing mixed use timeshare/condo development where the majority of units are timeshares and minority of units are 100% ownership condos?
Loans would be used for purchase/renovation condo units as owner occupy?
Thanks for your questions. Here’s a link to some commercial loan providers. https://fitsmallbusiness.com/best-commercial-real-estate-loan-provider/
We also have an article on FHA multifamily loans, some of which can be used for purchasing a condo development. I would also recommend asking lenders in your area for referrals and drive by some new development sites, since they usually have their finance partner’s name advertised.
Best of luck,
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.