Hard money lenders do require a down payment on a commercial purchase, typically ranging from 20% to 50% of the property’s purchase price. The exact amount depends on factors like the lender’s risk tolerance, credit score, the loan-to-value (LTV) ratio and the borrower’s experience. In some cases, experienced investors or those securing properties well below market value may negotiate lower down payments or even 100% financing with additional collateral.  Hard Money Bankers offers higher leverage if the client has additional collateral.