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Updated almost 8 years ago,

User Stats

122
Posts
87
Votes
Ben S.
  • Investor
  • Tampa, FL
87
Votes |
122
Posts

Commmercial Loan Based on Personal Salary?

Ben S.
  • Investor
  • Tampa, FL
Posted

I'm looking to purchase a 10 unit rental property in Maryland. This many units requires a commercial loan of course, but I don't have rental history (though I have flipped some homes and rented to friends and family). I can qualify for more than the amount of the loan based on my salary and current debt, but all the commercial lenders I've spoken to only want to look at my experience managing rentals. 

Is there a commerical lender who will put more emphasis on my salary, personal credit, and personal debt, rather than rental experience? 

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