Loan request for rehab.....then referred for a commercial loan???

[Sean Tippens]

We are really new to the process of getting loans for our projects. We have used our personal savings up to this point, but need a loan to finish a rehab on our latest property. We initially tried our local credit union, but the max they would lend for their branch was 13k. So I went to our local back for the loan. After processing for a few days, they called back saying that it would need to be referred to a commercial lender. I told them it was for a rehab, but they didn’t ask for any other details. Does this seem right? What should I be asking questions about?