Hey everyone, I am under contract and nearing my closing date when I get a call from my banker saying that I do not qualify for the loan program we are applying for.  

I can assure you though that if you were to start asking every attorney you know and bankers (especially commercial) they will be able to point you to a good commercial broker or two.  

I was recommended to you by a Banker at TD Bank.

I have a REI portfolio of one SFR, but I've been a banker over 3 decades.

One of our bankers is working on the loan for us, but we will need between $300K-400K for the down payment and we would like to get a private money lender that would like to do a loan for the down payment, hopefully interest only for a few years, while we bring the park up to a significantly higher value. 

As a former wealth banker and a long-time investor, I can honestly say that I hated the two years as a realtor (in Florida, you're required to be a realtor for two years before you can apply for your Broker's license). 

The banker I worked with on my loan is Matt Means.  

I would look into that more if you're not sure.You're smart to place as much debt as you can, although I will say that it would be a good idea to start building a relationship with a banker to provide conventional investment loans.

This will offset the taxable net profits to the less than taxable level even if the property is paid off early.I also have capital reserves planned and have been working with a business banker with wells Fargo to set up my business account. 

But surprisingly not all lenders (mortgage bankers and underwriters) know how to deal with a multi unit loan.Upen Patel, Mortgage BankerFederal NMLS# 1374243