commercial capital funding vs traditional investment funding ?

[Joyce Jackson]

Really not completely happy w either option... Currently contracted on a home... recent credit shift and guideline changes are making it difficult to qualify. Rather than wait on traditional investment financing. Im considering a commercial loan 25%down financing 75% 8-9%rate 5year fixed...

We were hoping to put down 15-20% through investment financing however, the lenders guidelines are preventing me from counting two of our rental properties incomes. We purchased one in 2013 lived in it for 5 years rented it out for a few months at the end of 2018. Following some flooding we renovated it, listed it, and rented it out in December of 2019... lease began in January 2020. Purchased the other property in 2018 lived in it for a year listed it in 09/2019 it rented out by November but, section8 did not initiate payments till Jan15th 2020. I would like to move frwd w the home purchase without depleting our current savings.

November but section 8 didn't pay us till Jan 15th 2020. In addition, to the mortgage we are earning 3500k a month in rental income so that is a 6500 hit against us. Since we're counting the debt and not the income.