out of state investment - lender qualification?

[Yash Bajpai]

I am looking for out of state MF or small apartment complexes. My question is what are my options for financing such commercial properties?

Do people have success going to a small local-to-property bank to get financing for an out-of-state investor?

or going to small local-to-investor bank to get financing for out-of-state commercial property?

Or perhaps there is another approach to this? what are your thoughts?

[Steve Kontos]

@Yash Bajpai

I typically go to local banks that are within a 5 to 10 mile radius from the property.