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Updated about 1 year ago on . Most recent reply

Why won't commercial lenders work with out of state buyers?
This is very weird to me since other lenders will work with buyers from any state. I don't understand why commercial lenders will either not do it or very rarely.
Does anyone know some creative ways to get around this and save the deal? I am trying to purchase a quadplex with one commercial unit in Missouri.
Does anyone know some creative ways to get around this and save the deal? I am trying to purchase a quadplex with one commercial unit in Missouri.
Most Popular Reply

Quote from @Lucia Rushton:
@Bobby Eastman also what is the price point ? Can make the deal simply unattractive
The purchase price was $275,000. I know that is pretty small for a commercial property. I am now under contract on a different property. Several people I spoke with or who I knew through contacts just said no without even looking into it.