Large Loans Qualification 3 posts by 2 users

Posted: 11/26/2008 at 01:10PM

I represent some international investors who are interested in investing in the US commercial real estate market. I will be the operating manager of an LLC and all the investments will be made through the LLC.
The investments range from $5 to $10 mil. I have experience investing in real esate in India, but don't have much to show in terms of real estate experience in the US. I have excellent credit and have a full time job now.

My question is how much of an issue will my lack of experience be in obtaining a loan, if I am able meet the downpayment requirements and the property also meets the loan requirements.

My first investment will be a triple net or absolute triple net properties and will be looking at office,retail and multifamily units subsequently.

What kind of team do I need to have in place to show that experience is not an issue for managing office,retail or multifamily units.
Thanks.

Posted: 12/02/2008 at 02:27PM

Hi Susan,
Thanks for your response. I guess I didn't frame my question right.
So, as long as the property income and guarantors income qualify experience is not an issue? Did I understand that right?

Lets' say for a multi-family worth $15,000,000, I will hire a property management company, but that won't solve all problems. Lenders/Underwriters still look for experience of the investors for deals that large. Please correct me if I am wrong.

I just started talking to lenders, but have been getting mixed response.
Thanks.