Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply
Looking for a PreApproval letter on commercial property
Hello,
I have a broker that wants a pre-approval letter prior to releasing the financial details of the property for sale.
Although I think this is backwards, I can't really move forward without a letter and the location is prime so I want to learn more.
Asking price is $1.5M and I can provide a 20% down payment assuming the financials make sense.
This is a lakefront Mobile Home park.
I have a banker that provided me a letter on an apartment complex I purchases, but he will not underwrite parks.
Can anyone point me in the right direction?
Thanks in advance!
Most Popular Reply

Hi Toben,
I work with many investors in Columbus and out of state, I only ask for a pre-approval from my investors when they are about to write an offer. however, some people would like it before they release the info to know that you are a serious buyer. I would keep calling different banks till someone can do it.
- Blake Park
- [email protected]
- 614-762-9232