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Updated about 1 year ago on . Most recent reply

User Stats

15
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8
Votes
Bobby Eastman
  • Dallas, TX
8
Votes |
15
Posts

Why won't commercial lenders work with out of state buyers?

Bobby Eastman
  • Dallas, TX
Posted
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.

Most Popular Reply

User Stats

15
Posts
8
Votes
Bobby Eastman
  • Dallas, TX
8
Votes |
15
Posts
Bobby Eastman
  • Dallas, TX
Replied
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.

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