What's More Advantagious

What is better, getting financed as a private investor or forming a corporation and getting financed commercially?

TIA

Comments(2)

  • jmBROKEr28th August, 2003

    Commercial loans have stricter guidelines to follow and usual closing time is 30-60days. Also w/ commercial loans you will probably not get 100% financing, its usually around 75-80% of ltv. The rates for commercial loans are also higher than residential loans.

  • SmileyFace8th September, 2003

    He's totally right. Commercial appraisal can cost up $5000 too.

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