Loan for commercial real estate

RE: [spiers] Loan for commercial real estate

Go to your local state Small Business Administration website and check it
out. there may be people you can contact from there that can inform you
about alternatives. They have specialists in loans. I work with the Kean
University SBA directly but can work with any of the organizations in New
Jersey such as the Rutger's University SBA. You may even be elligible for
grants. Bob Crawford, Owner www.vsqigifts.com

PS I enrolled in the online International Trade course at Kean.
-----Original Message-----
From: spiers@yahoogroups.com [mailto:spiers@yahoogroups.com]On Behalf Of
ALBERT SUNG
Sent: Thursday, March 16, 2006 10:59 PM
To: spiers@yahoogroups.com
Subject: [spiers] Loan for commercial real estate


Hi,

I am currently purchasing a retail building and
discover that commercial loan is very expensive: with
25% down, the interest rate on a 25-YEAR mortgage is a
whopping 9.5% versus residential loan of 6-7%!!

Are anybody out there kind enough to tell me any good
commercial loan lender who can give a better rate?

Thank you.


Albert Sung

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