Seasoning and Commercial Loans

[Cal Holland]

Hello,

I am a new investor looking to get into real estate investing focusing on using the BRRRR method to purchase single-family rentals. I have a few questions regarding financing and seasoning requirements and would greatly appreciate any input or confirmation on the below topics.

• It is my understanding that you are only able to refinance a residential mortgage after anywhere from 3 – 12 months after you close on the property due to seasoning requirements. Is this a correct assumption to make (generally speaking)?
• It is my understanding that commercial loans have no seasoning requirements and only require proof that the property has a tenant that is currently renting and that they offer up to ~75% -~80% LTV?
• What do commercial loan rates tend to look like as compared to residential home mortgages? Do commercial loan rates tend to be higher?
• What financing requirements do commercial lenders like / need to see in order to offer financing? (Collateral requirements, credit scores, length of operations etc…)

Thanks for the feedback,

Cal Holland