Question for Commercial lenders in San Antonio, TX...

[Account Closed]

My wife and I live outside Los Angeles county in California and have about $300K in capital and both of our credit is about 700 each. We're looking to get into REI with our 1st property being a commercial say 8-16 units for around $1M.

My question for lenders is; our net worth won't fulfill the commercial loan requirement. So my brother in law offered to help fulfill that requirement with a net worth of about $2M. Therefore it'd be my wife and I and her brother on the commercial loan. How does this effect any of his personal finances? Ie. His future investments...will he be able to purchase anymore properties of his own? He currently has 3 residential properties. Will it effect his debt? After a year can we take him off the loan if our property is cash flowing? Any other useful information regarding how it'll effect him either pro/con would be greatly appreciated!!

FYI; we intend to have a reputable property management company for the 1st year as well.

Thank you!