Down Payment Assistance
100% Commercial Financing can be obtained through commercial down payment assistance programs. These programs allow the seller to contribute funds not directly to the buyer, but to an uninterested 3rd party. The 3rd party is responsible for providing funds for the borrower to freely use for commercial property purchases. It is widely used in residential lending for FHA loans. Companies such as the Ameri-dream foundation and Nehemiah Corporation are well known and well respected residential down payment assistance programs. Our Commercial down payment assistance works in almost exactly the same fashion. So if your at all familiar with the residential down payment assistance then your a step ahead of your competition!
We still find it surprising how many commercial buyers are unaware that commercial down payment assistance programs are available to them. Most of our client's are shocked at the availability of commercial down payment assistance out in the market today once they start doing their research on the topic. One thing to be aware of as a commercial buyer is that not all down payment assistance programs are legitimate legal programs. The federal government does regulate the mortgage industry and there is a real possibility of fines or imprisonment for loan fraud. Because of this we have taken all the worry away for our clients. We only work with legitimate legal means of down payment assistance. These methods are completely legal and function just like the government allowed FHA down payment assistance programs do.
BENEFITS OF COMMERCIAL DOWN PAYMENT ASSISTANCE
- USING DPA (down payment assistance) ALLOWS THE COMMERCIAL BUYER TO OBTAIN 100% FINANCING ON THEIR PROPERTY
- THE LENDER IS FINANCING A LOWER LTV AND YOUR LOAN WILL THEREFORE CARRY A LOWER RISK PRICED INTEREST RATE
- FUNDS OUT OF POCKET ARE MINIMIZED TO JUST COMMERCIAL APPRAISAL, GOOD FAITH DEPOSIT, AND ANY DUE DILIGENCE FEE'S.
- SELLERS WILLING TO WORK WITH BUYERS ARE ABLE TO OBTAIN HIGHER THAN NORMAL NET VALUES ON THEIR COMMERCIAL PROPERTY SALE
- LENDER FEELS MORE SECURE LENDING A LOWER LTV LOAN AND MAY BE MORE WILLING TO MAKE OTHER EXCEPTIONS NEEDED TO FUND THE DEAL
The benefits of using commercial down payment assistance to obtain 100% commercial financing are obvious and plentiful. Any savvy investor will quickly realize how to capitalize on commercial down payment assistance programs. We have many years of experience in structuring commercial transactions of all sizes. The down payment assistance program has been an invaluable tool in helping our clients realize their commercial dreams.
This as with all commercial programs does not work in every situation. There are a few items that must be in place in order for the commercial down payment assistance program to be an option for you.
REQUIREMENTS OF COMMERCIAL DOWN PAYMENT ASSISTANCE
- SELLER MUST BE WILLING TO WORK WITH BUYER TO UTILIZE COMMERCIAL DOWN PAYMENT ASSISTANCE
- MUST BE SUFFICIENT EQUITY IN SUBJECT PROPERTY TO PROPERLY STRUCTURE THE DOWN PAYMENT ASSISTANCE INTO THE PURCHASE
As you can see the requirements are very slim. If you can answer yes to these two requirements and you think that commercial down payment assistance may be right for you and your situation we urge you to apply online or call us today. We will gladly explain the entire process to you and help further qualify your scenario for commercial down payment assistance.
Now you can see why we are the premier source for COMMERCIAL DOWN PAYMENT ASSISTANCE in the U.S. Our commercial mortgage professionals are prepared to put their years of experience and our access to these commercial mortgage loans to work for you! Contact US today or APPLY ONLINE for a same day response and let's start working together to help your 100% Commercial Mortgage project get funded as quickly as possible!