Best answer
20%
People also ask
How much is the down payment on a commercial real estate loan?
How much is the down payment on a commercial real estate loan? For a traditional commercial mortgage, the minimum down payment varies between 15% and 35% of the overall purchase price, depending on the lender. With SBA 7 (a) and CDC/SBA 504 loans, the range is more standardized, falling between 10% and 15% of the purchase price.
How much down payment do you need for a business loan?
Unlike other business loans, commercial business loans require down payments (just like personal real estate loans). Expect to fork over a minimum of 10% of the loan鈥檚 principal as a down payment, though you might see a lender ask for as much as 35%.
How much does a commercial loan cost?
A commercial loan calculator can also estimate your monthly payments. ($6,082.92 for the five-year term or $9,400.91 for the three-year term.)
How much would a 3-year or 5-year commercial loan save you?
But a shorter term of three years changes the total to $338,432.75鈥晄aving you thousands of dollars. A commercial loan calculator can also estimate your monthly payments. ($6,082.92 for the five-year term or $9,400.91 for the three-year term.)