In order to quote rates you really want to have a lender review your loan package or you may get false information as often happens. It really depends on several factors such as, your personal credit score, your experience level in owning this type of property, the cash flow or Debt Service of the building, where its located, if its a franchise or not, loan amount, value of the property, do you need a construction loan or is it existing...we are not lenders but we work with over 100 of the top lenders around the country. If your local bank is unable to get it done we may have an out of state lender that will approve it at bank competitive rates and fees. Let me know if you would like us to search our database for you.
Dec 4, 2009