Updated almost 8 years ago on . Most recent reply

Financing Larger Purchases in Milwaukee Wi - Commercial Lending?
I have been evaluating larger deals. An example is the attached numbers. It is a portfolio purchase for 10 properties.
My question is: How is a relatively new investor able to finance these larger deals to scale my operation quickly?
I have shared these exact numbers with a few commercial lenders and have been turned down with their reasoning being lack of experience. For example, First Federal bank said they require 3 years of proven cash flow on properties under my control before they would consider me for financing of a deal as large as the example I have provided here.
I understand I am new with only 1 duplex deal and 1 land contract deal under my belt, but when I come across deals that involve many properties I want to be able to make an offer and stand behind what I offer if it is accepted.
Does anyone have any recommendations or thoughts?
Thanks in advance!