How & why would a company provide a down payment for a borrower on any purchase, whether residential or commercial?We provide financing only, residential & commercial.
You need to be more specific please
Hmmm.. your question is confusing.. are you asking for a $1.7M loan which will be used for a down payment on a commercial property? If that's the case, then absolutely NO.. think about this... Lets say your looking to purchase a $1M commercial property, but the lender is asking for 30% down.. and they are willing to finance you at $700K or 70% Loan to Value (LTV).. Based on their "Risk Assessment" they have determined that they feel comfortable at 70% LTV.. But you are asking for someone else to step up and loan you the $300K as down payment.. so for that loan, they would be in 2nd position, at 100% loan to value... There is no way you will ever find a lender willing to lend you based on this scenario.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
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