Commercial Lending Requirements

[Dakota Gage]

When it comes to commercial lending will they approve you based on the income of a property or will they also take into consideration your debt to income ratio. My mother has a 7000 sq ft shop that isn’t being used as well as two mobile homes on the property that are bringing in $1000 combined that would be included. I’d like to convert the building to self storage units She is considering selling it to me for $50k to keep it in the family, but I don’t know my best option for financing in this case.