Commercial Loan with just okay credit?

[Crystal Davidson]

I'm interested in buying a small roadside motel in a rural area.  The price of the property is about $240,000.   Although I recently bought a house so my credit isn't TERRIBLE or anything - I have a high debt utilization on my credit cards and a seven year old BK that keeps my score in the low 600s - not exactly awesome.    Based on models, even if I pay off $20k or so, I will only get about 30 or 40 more points (which I may do also).  We could handle about 20% down payment from our cash reserves.   I have not invested in commercial real estate before, but we do own an investment single family property that is reported on our taxes, etc.  My question is whether someone with my credit profile can even get a commercial loan.  It seems the companies I have found the loan value is too small or I would need even more money down or they will flat out say no with my credit score.   I recognize, of course, that I could go with hard money, but that's not my FIRST choice.  Just wondering if anyone out there knows of resources for the mediocre credit having folks :)  Thanks in advance for your help!  Happy to provide any other details you want to know.