Originally Posted by
Ringo33
because industry properties loan tenure is usually short and they do not want to create further cost burden to businesses.
Originally Posted by
dtrax
Right on! Plus commercial properties/market is much more complex than residential market.. any drastic change can have huge impact on our economy!!!
......it will push more speculations towards commercial/industrial...
for commercia/industrials (vs residential)
- No SSD
- No ABSD
- No 40% downpayment (LTV=60% max) for 2nd properties
- No restriction on loans
- smaller quantums (commercial/industrial starting from $300-400K, MM condos starting from $500-600K)