A traditional Commercial Loan requires 20% down minimum.
Downpayment is based on Borrowers Experience, Financials, and Credit.
$1 Million Dollar purchase requires a minimum of 20% down. For new Commercial Buyers we recommend 25%-30% down for qualification. So your downpayment will be a minimum of $200,000.
Wondering what you can buy if you have a $200,000 downpayment?
We pulled some listings currently on the market in Austin Texas to give you an idea of what is available.
Great 1940s converted bungalow. Excellent visibility and signage on Manchaca near Lamar.
Building Area: 2,336 SF
Nice Location on N. Highway 183.
Building Area: 4,446 SF
Rare Location on South Lamar, Great Signage, Free Standing, Creative Office Space or Retail.
Building Area: 1,290 SF
Central Austin near Burnet Rd.
Building Area: 4,800 SF
Minimum Downpayment = $200,000