Can I get a 90% LTV commercial loan?
Answer:Yes, a 90% LTV commercial loan is much easier to get than 100% commercial real estate financing.
A 90% LTV commercial mortgage loan can be found for conforming and non-conforming, investor or owner-occupied real estate acquisitions. For refinances, the LTV may go down to 80-85%.
Different levels of documentation may also be available - full doc, reduced or no doc should be possible with 90% LTV commercial financing. Credit score of 600 and higher will be expected. Prepayment options with no penalty should be available.
How to apply for a 90% LTV commercial loan?
Try submitting your loan request to commercial loan brokers and lenders networks. Such networks basically comprise hundreds of loan providers and it is highly probable a loan that fits your circumstances will be located soon enough.
Final piece of advice: Monitor your credit report and score regularly, to ensure there are no inaccuracies or unauthorized activity. Your credit report and score are the two major methods that creditors and lenders use to make a credit decision about you. Higher scores usually mean lower interest rates, which will save you money.
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