Hi Again Tanya! The required down payment depends on more factors than the fact that the property is considered commercial, so if you want to send me an offline message with the entire loan scenario and full property description, I'd be better equipped to answer your question properly. Good Luck!
Depending on the type of property, the down payment range could be 25% to 40%.
It will depend on the type of property and the type of commercial loan you would be receiving. It could be anywhere from 10% down to 50%. Best to reach out to a local commercial lender and give them your exact scenario so they can give you a more exact answer. Best wishes, Sean
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