I need a commercial mortgage?

Posted by admin on July 31, 2010 Leave a comment (1) Go to comments

I want to buy a 3-family house, renovate it, and then rent it out. I need to borrow about $80,000 and want to pay it off over 20 years. I have good credit and a good amount of assets behind me. What % loan should I be looking to get?

80% and a higher interest rate that if it were your personal residence.