Do I need money or any credit score to borrow 1million dollars loan to buy small commercial realestate?

Posted on February 9, 2010 by admin

Where can I need help for expert in realestate investing?

You will need 680 credit to get a loan easily. Depending on the type of property, how well it cash flows and how the contract is written, you will likely need 10-15% down payment. An SBA loan may be a good way to go. You can talk to most major banks and even credit unions about getting one.

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5 Responses to Do I need money or any credit score to borrow 1million dollars loan to buy small commercial realestate?

  1. steve l says:
    February 10, 2010 at 12:37 am

    Would you lend someone 1 million dollars with poor credit score and no collateral? Thought so.
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  2. ssweeps says:
    February 10, 2010 at 1:05 am

    Take an English spelling and grammer class first!
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  3. moonman says:
    February 10, 2010 at 1:44 am

    You will need 680 credit to get a loan easily. Depending on the type of property, how well it cash flows and how the contract is written, you will likely need 10-15% down payment. An SBA loan may be a good way to go. You can talk to most major banks and even credit unions about getting one.
    References :

  4. joes_mom86 says:
    February 10, 2010 at 1:55 am

    where can you need help? dont make sense!!!!
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  5. tolstoi1 says:
    February 10, 2010 at 2:42 am

    Try ibank.com.

    Commercial properties are mostly judged by their revenue stream.
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