Commercial Lending After Forbearance

[Reese C.]

Hi Everyone,

I had a question regarding forbearance's impacts on commercial lending. 

For a conventional loan, the bank wants to see a 90 day period of regular payments before you are eligible for another loan.

For an investor that has exited forbearance, is this rule similar to commercial loan requirements?

Thanks

[Andrew Postell]

@Reese C. this would be difficult to say.  Commercial lending comes from each lender separately.  So we would have to ask each and every commercial lender in the country this question to find out (there's over 8,000).  With Fannie/Freddie, every lender has to follow those rules....I mean, they could be MORE strict...but they at least have to follow the minimum.  I would guess that most commercial lenders won't care...but that would mean I am speaking for them and this question is so specific right now we would just have to get you in front of some to find out. Bigger Pockets has some great state forums and usually there are good locals that monitor those. Also, try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.