Page 1
Page 1
Started By
Message
locked post

Any commercial real estate brokers in here?

Posted on 4/23/13 at 10:32 am
Posted by I Love Bama
Alabama
Member since Nov 2007
37694 posts
Posted on 4/23/13 at 10:32 am
Are there any programs/options out there for getting around the 20% down rule of thumb?

Trying to buy an absolute net commercial property with a AAA tenant. 15 year lease in place..

20% on this kind of deal just seems ridiculous.

Any creative financing ideas?
Posted by trillhog
Elite Membership
Member since Jul 2011
19407 posts
Posted on 4/23/13 at 10:57 am to
Are you connected with any Bankers that are owners in the bank and can bypass the board?

Also if you are a little short on the down payment, give the Broker a LITTLE ownership to kick in some money get you to where you need to be. They like having a little sliver here and there.
This post was edited on 4/23/13 at 11:02 am
Posted by Tiger4Ever
Member since Aug 2003
36702 posts
Posted on 4/23/13 at 11:00 am to
Negative.

I hear im4datigers likes under the table owner financing for the equity portion though...

I kid I kid...
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167113 posts
Posted on 4/23/13 at 11:44 am to
Unless you get a brother in law deal with a local bank or something it's going to be impossible. The banks want you to have as much skin in the game as possible to mitigate their risk.

People are more willing to walk away from an investment vs their home if things get tough for them.
Posted by trillhog
Elite Membership
Member since Jul 2011
19407 posts
Posted on 4/23/13 at 11:53 am to
quote:

Are there any programs/options


bring the deal to somebody you know that's got cash going, everybody likes a deal without having to look for it, offer to partner up. Commercial Real Estate if it's still for sale right now you might want to look into why, probably not the greatest deal. what's the cap rate
Posted by luggage
Member since Nov 2011
2 posts
Posted on 4/23/13 at 12:05 pm to
I do investment sales, and equity and debt placement for CRE. I used to only work with net leased properties, so I have some good knowledge of that market. Email me at luggage456@gmail.com with some more specifics on the deal, and I'll do my best to help.
Posted by ItNeverRains
37069
Member since Oct 2007
25397 posts
Posted on 4/23/13 at 2:30 pm to
No, but if you know anyone in middle Tn going jumbo on house I can get them 3.75 on 30 with 35% down, up to 1M
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram