Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 05/24/2021

User Stats

154
Posts
54
Votes
Toben B.
  • Investor
  • Tulsa, OK
54
Votes |
154
Posts

Looking for a PreApproval letter on commercial property

Toben B.
  • Investor
  • Tulsa, OK
Posted

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!

Loading replies...