Am I to young for a commercial loan?
So here's my deal. I'm almost 20. I've been doing construction full time for about 6 years now. (I went to a private school, skipped high school cause the curriculum we had the 8th grade was equivalent to public school's 12th grade, got my GED at 16.)
I'm starting to dabble in real estate. Flipped my first small property this summer. My background in construction seems to come in handy for flipping. Thing is, I like real estate a lot more than my job. So I've been trying to learn everything I can by reading, reading and then for a change of pace reading some more.
It has been said multi-unit apartments/condos are where the money is. The trouble is I'll have to get a loan to get started. Say for example, there's a 46 unit condo complex, 95% occupied, with an 8.10% cap rate available at 3 million dollars. Considering I would want as small a down-payment as possible, my question is this: Will a commercial loan officer take a second look at me if I'm in my very low 20s? I understand commercial loans are dependent more on NOI etc than residential loans, but I'm a little worried that a loan officer would make a decision based largely on my age. What do you think?
Also any other constructive advice would be appreciated, thanks.