Commercial lending based on the property

[Matthew Ladner]

In Mobile,AL area. Looking for any recommendations on banks that will finance mostly based off of the commercial buildings output rather than my personal info. I'm 22 and recently out of school so I do not have the multiple years of work experience with my taxes that would show I make enough money for a 300k property. Any decent ideas on smaller banks that may approve me?

[Mark Lucido]

Hey @Matthew Ladner - 

So I'm not in Mobile but I've been investing in Commercial properties for about two years now. What I've seen in terms of loans have been a 70% LTV with a personal guarantee and a list of my Assets. I got two loans this way even while I was unemployed. If you've got the credit score than you can expect a 4.5% rate on a 20 year amoritization schedule.

Hope this helps.

mark