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Updated about 4 years ago on . Most recent reply

John Mazzella's profile image
John Mazzella's profile image
John Mazzella
  • Multifamily Syndicator
  • from New York, NY
  • Member since Jul 28, 2020
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68
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37
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John Mazzella's profile image
John Mazzella's profile image
John Mazzella
  • Multifamily Syndicator
  • from New York, NY
  • Member since Jul 28, 2020
Connect
John Mazzella
  • Multifamily Syndicator
  • New York, NY
37
Votes |
68
Posts
General Real Estate Investing

Do banks give pre-approvals for commercial mortgages?

John Mazzella
  • Multifamily Syndicator
  • New York, NY
Posted

I have reached out to a few banks about commercial mortgages for pre-approval prior to jumping into a BRRRR. I have been told that they don't do pre-approvals because the loans are based mostly off the deal not the person since the property is will be held in an LLC. Has anyone had experience getting pre-approval on a commercial mortgage?

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