As soon as you inquire about business/commercial lending it's like they smell blood in the water, they want higher downpayments, rates go up, length of loans goes down, and the process is way more of a hassle.

Regarding your last question, would you lend money to someone with no credit or income?  

Is there anyone out there lending on spec? 

During that initial period, I learned a lot about alternative lending and asking for owner financing on deals. 

John,Could I get information about your lending company and any contact info. 

I could switch to Conventional likely but both lending professionals suggested FHA as the rates are relatively low. 

What #'s from the financial statements do they need to know to lend? 

@Sammy Patel For conventional lenders, in general they won't lend to an LLC.  

It's a long shot, but one of them may lend to you.

Fha has several program in which they lend.