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90/10

Started by airahcaz
almost 18 years ago
Posts: 83
Member since: Nov 2007
Discussion about
Most larger banks are now only offering 80% loans with 20% down for primary residences. Who out there is offering 90% with 10% down for a jumbo these days?
Response by West81st
almost 18 years ago
Posts: 5564
Member since: Jan 2008

Parents and sovereign wealth funds.

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Response by airahcaz
almost 18 years ago
Posts: 83
Member since: Nov 2007

Separately then

If a property is fully paid, but the bottom is used as commercial by the owner, and the top is a rental, how does one go about borrowing against it?

To elaborate, let's use exaggerated figures, where the property is worth 10 MM, but the owner's business, and his income, is under 50K a year.

How much can he feasibly borrow?

Thanks

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