experience requirement

[Alex E.]

Hi,

I just found out that part of the requirement to get a commercial loan for an apartment complex is to have a minimum of 5 years experience managing a large multi-family property, or something similar. Is this requirement set in stone, or would lenders at a bank ignore this requirement? I prefer to get a loan from a bank, not from a hard money lender.

I don't have experience managing a property, but my investing partner has some experience managing a 2 bedroom house that he rents.