30-60% down. Fixed rates possibly but understand that commercial loans mature in 3 to 5 years, so whether it is a fixed rate or not does not have a substantial impact. My rule of thumb ...
30% down, 7% interest, 20 year amort due in 3 for a cash flow property.
50% down, 8% interest, 20 year amort due in 3 for a non-cash flow property.
Also understand that right now banks are focused on DCR, just as much as LTV.
Aug 3, 2009