![Quote](images/SultanThemeVB4R/misc/quote_icon.png)
Originally Posted by
Ringo33
because industry properties loan tenure is usually short and they do not want to create further cost burden to businesses.
![Quote](images/SultanThemeVB4R/misc/quote_icon.png)
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)