3.5% down for small commercial buildings?
By Mike Young, FHA 203k Consultant 916-758-1809 cell direct
(203kOnLine.com, covering the USA)
3.5% down for small commercial buildings?Are you looking for your niche'? If you already specialize in small commercial and mixed use buildings then you have been missing the boat for, how long? If you haven't used the FHA 203k loan for these mixed use buildings or hard to sell light commercial buildings then you have been asleep at the wheel. I used to purchase quite a bit of commercial property and it always required a 35-40% down payment. I wish I had known about this program back in the 80's and 90's. How sweet it could have been. Well, it may not be too late for you in many cases.Lets say you have a store with living units above... it's a 203k loan.How about offices with living area above... maybe it might works in places like "two worlds" in Pleasant Hill. Who knows?How about a sm...
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