It is possible use down payment assistance for commercial property?

apartment building, 129 unit, 80%LTV, 20% down payment assistance, seller is willing go down with purchase price 20%
In Buying Property - Asked by Prosper D. - Sep 18, 2009
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Answer(s)

Michael L.
Owner/Investor
Victoria, TX

Yes, in fact, there are companies that ONLY do commercial property, such as DPA.com, or others like them.

Sep 21, 2009
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Chet M.
Developer
Cupertino, CA

Is this 20% seller carryback? That should be fine. What for restriction in the 1st on subordinate debt.

Sep 21, 2009
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Chet M.
Developer
Cupertino, CA

Watch out for restrictions.

Sep 21, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

The downpayment assistance you are referring to is the 20% drop in price? Not sure if I understand the question.
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Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)225-9894
gregory.garver@gmail.com

Oct 23, 2009
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