- February 27, 2018 at 3:12 pm #167924
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?
GabeFebruary 27, 2018 at 3:57 pm #168152
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,