Commercial Loan Hack Legal or Not

[John Calcaterra]

So I have done a few deals with a local bank where its a commercial loan 80/20 based on PFS with a 15yr amortization. I’m currently in the middle of a flip and short of Capital when I run across a no brainer buy and hold. Can I hack a new commercial loan and show 20% commission, since I am a licensed realtor and use for down payment? I know the property would appraise for the purchase price. Is it even legal? Are there legal limits on commission?

[Account Closed]

@John Calcaterra  That is the exact reason why banks often make you show you have the down payment before you close.  They might also make you show where the money came from.

It seems like it would be much more likely to happen if you have the money in your account before the close.

Be careful not to make any false statements to the mortgage company.