Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

The problem is, and here's where I really screwed up, is that now I'm told by lenders that because we have a commercial tenant banks won't refinance the property.

This is more common in today's market and often allows the seller to get a higher sale price than if you were to go through a bank/SBA loan.

, plus all of the banking and bookkeeping features.

I would look FAR AND WIDE for someone to do an investment property HELOC -OR- go to a bunch of banks and CUs (including who you bank with now) to find someone to provide an unsecured (or secured if you have other collateral) LOC to get rid of the high int debt.

They lady started almost yelling "If you have your bank investigate we will send them the screen shots we sent you".

I did all of my loans with small local banks in my area and was always happy with the rates and service.

RentRedi’s syndication marketing helped us secure a great tenant in under four days, including employment and landlord verification, as well as criminal, credit, banking, and eviction history checks.