Any commercial lenders for property in Oregon?

[Elizabeth Lee]

Thank you all in advance! So inspiring to read all the posts! We are stuck or maybe we are not? We are trying to finance an existing adult care home and our current commercial lender is offering 70% LTV roughly 6.5% 5 year fixed/25 yr amort. I am mostly hung up on the LTV because I really need all the cash in my account for security. The lender is saying we have no experience in the adult home care business and that is why the LTV is what it is and not higher, but we have other existing businesses (10+ years). To my understanding and experience, I know this loan is considered a small commercial loan (less than 500,000). Any advice? Should we continue to find another lender or does this seem reasonable? We have gone through residential lenders and have been rejected because of what the property is. Hind sight is always 20-20 but it never occurred to me that the lenders would just assume I would run the property as an adult foster home (I never indicted such). I think it is a great business and have no qualms running it so here we are.