Indirect way to Commercial Loan Credibility

[Michael Rodriguez]

Howdy folks and happy spring!

We (myself and my partner) desire to get into MF without bringing on sponsors by developing a relationship with a commercial lender by creating a commercially financed property.

What's your thoughts on this strategy, specifically:

1.  buy a quad with cash
2. then remodel the quad (has to be the right property of course for zoning etc) into a 5 unit IE four 2 bedrooms into three 2 bedrooms and two studios.
3. I have the construction capability via sweet equity so that's not a concern.

What's your opinion on putting in this effort to create credibility for future commercial financing on a larger 10 unit MF.

Thanks,

MRod