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Updated over 1 year ago on . Most recent reply
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Having Trouble Finding a Loan for an Out of State Commercial Property
I live in California and found an off market deal for a commercial property in a different state. I plan on renting it out.
However, I am having trouble finding any lenders.
*BoA says they don't do commercial loans for commercial investment properties, only for businesses.
* I tried contacting a local mortgage broker, but she didn't find anything .
* Local credit union is out of the question because I don't live in that state.
Any tips on finding a lender would be much appreciated.
Most Popular Reply
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@William Lu
What type of commercial property is it? Is it occupied? What’s the use?
Need more info on property to try and provide you with a place to go
- Chris Seveney
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7e investments
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