How do I find a commercial multifamily loan that is willing to lend less than $1M?

., Honesty is the most important aspect in mortgage lending. 

How long must you wait before being able to rent out a primary residence property from a lending perspective?

Mortgage lending is highly competitive, and there are many newbie loan officers that will bend over backwards to get you to pull a credit report and pay for an appraisal.

Banks will be reluctant to lend you and other buyers/borrowers a mortgage for a building like this as it is seen as high risk.

Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)

So first of all make sure you’re not dealing with somebody clueless like that because they would be considered high risk to lend money to.

Has anyone used Backflip lending to fund a fix and flip?

@Tisha Cole also beware of the followingI lost over $80K with McMann Commercial Lending and Genie Investments.

Most primary residence lenders are not going to lend in second position for a purchase.