Trouble Finding Loan for NNN Properties

[Kay Mistry]

Hi Everyone! My husband and I are searching for our first NNN property to purchase out of state. We are located in New Jersey and looking everywhere but primarily focusing on FL and TX at the moment. There are many properties that work for us financially but we are having some trouble getting a good loan on them. We are established residential real estate investors/developers but do not have a track record with commercial properties.

Without getting into too many numbers, we are looking at properties up to 4MM with 30% down. If anyone has any insight on how to approach local banks vs big banks etc. to get the best interest rates, it would be much appreciated. 

Thank you,

Kay