Having Trouble Finding a Loan for an Out of State Commercial Property

[William Lu]

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.