Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Commmercial Loan Based on Personal Salary?
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?