The proformas are utter nonsense because they know the product is no longer a viable investment.

@Sang Kim- thanks for clarifying you are trying to get a commercial loan ...this is a  completely different product than a home loan ...You still should be able to  locate and obtain a good commercial loan  without  having to pay any fees upfront  ( other than possibly paying for the appraisal after the  loan has been  approved )

Reason being is that it allows you to invest in other products other than they offer, so that's why they don't promote these . 

These are the product of much discussion as it is!

I cannot assist w/ the acquisition of the property but do have an FHA product that is specific for home improvements.

Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

Dig into reverse mortgages before pulling the trigger on anything, specifically HECM's (FHA product).

I'd love to connect and see what products you have to offer.Cheers!

This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.We are introducing new products in September.