Looking for 100% commercial financing

Financing, Hard Money Lenders, Private Money
1

Does anybody out there know of any firms or lending institutions that offer 100% financing for commercial real estate deals? I’m looking to invest in a really strong commercial property that has a national tenant with a long-term Triple Net Lease. I just don’t have a lot of cash to put as a down payment. I do have excellent credit (750).

Any ideas or suggestions would be greatly appreciated.

Thanks

2

Yes there are lenders that offer 100% financing on triple net commercial properties. What is the credit rating of the tenant? That is the key in getting 100% financing.

Regards,
Patti Porter

3

The credit rating of the tenants I’m looking at are strong. I’m considering one of severla properties with the following tenants - Red Robin Burgers, Blockbuster Video, Wendy’s, and Hollywood Video.

Thanks

4

I just sent you an email.

Thanks,
Patti

5

I keep hearing different things about 100% financing for commercial loans. I know I’ve read that it’s doable in several rei books but most people on this and other forums say forget about it. Who’s right?

6

The reason why 100% financing is looked down upon is because usually the property won’t cash flow.

Also, most investors that ask for 100% financing, don’t have any money to spare. Just because you’re getting 100%, you still have to pay closing costs and lender fees. There should also be enough money in reserves for any repairs/maintenance.

However, in this example, it is a NNN property so there aren’t any repairs/maintenance.

Patti

7

Thanks patti that makes sense.