Commercial loans newbie...

[Manuel Savorelli]

Is there any way of getting a loan for a 7plex building in a hands-off approach  (no checks and papertrail) similar to portfolio lenders? 

Tks all

[Joel Owens]

If the bank originates to sell the paper only then loan requirements have to fit in this tiny box to make it work. There are generally buy-back provisions in the note being sold of that the bank in the future might have to repurchase the note if certain events happen or 100% of the steps were not followed when the note was created.

When a bank holds the paper in house they make interest off of the note so do not need to make as much selling the note down the road. Even though they hold the note at some time in the future they might need to sell it off so it does need to meet certain conditions. The conditions are not usually as stringent as the the loans being originated and sold off right away.