My pro tip is to call an office in a smaller town (I think I used one in Union City?

I see few discussions in the forum about talking to local credit union and banks.

If you try to get a HELOC from a mortgage broker the rate will be crap (if they can do it at all), if you try to get a purchase investment property loan from a credit union or big bank then it'll take 4 months just to be declined at the last minute because your CPA didn't dot an i on page 7 of your tax returns, etc etc, you get the idea.

I'd call local banks and credit unions, ask for a mortgage specialist, and then asked if they refinance investment rental properties, and if so, what the terms are like.

The only drawback I see is that you’re so close to union, so doing comps, even going with a mile radius I think is too wide, because every block that goes farther away from union will have a significant price difference.

However...Your best bet is to use a local credit union in CT.

You could still buy the building, but would need to use a bridge lender or possibly a local bank or credit union.

The advice I was given, aside from private investors, was seek financing from your local credit unions first, then banks.

They have been good to work with so far, but I haven't asked them about loans yet.A local credit union. 

Curious to see if it is common for a bank or credit union to provide say 80% LTV for purchase for a commercial property even if the majority, if not all, of the down payment is coming from a Hard Money Lender?