Commercial Loan Limited Experience

[Derek G.]

Hi All !!

I currently own and rent a few SFR. Lets say I want to secure a commercial loan for a small apartment complex (Lets also say the selling price is around $900K and I put 50% down). Doesn't really matter. I should qualify for all the major inquiries the bank would have except one. I don't have the experience running an apartment complex. I use property managers for this. Would the PM's experience be enough to move the hypothetical loan forward? Thanks in advance!