QUOTE (thomasbeyer2000 @ Aug 24 2009, 02:32 PM) ok .. adjust price accordingly .. I got an offer from another bank for a 20 year amortization term and 65% of purchase price but they wont accept any vtb nor second mortgage on the property. Looks like it`s hard finding good financing on...

QUOTE (thomasbeyer2000 @ Aug 24 2009, 10:48 AM) shop around .. but these type of very small buildings are VERY hard to finance .. and as such 65% LTV and 15 year amortization is what is normal and to be expected ! Did you ask the seller to give you a VTB for 20% for 5 years @ 4% ?We are working...

I`m interested in purchasing a small semi-commercial building (one retail on the ground floor with an apartment on the second floor) but the best loan my bank can offer me is a 15 year amortization period and 65% of the purchase price! Are there financial institutions offering longer...