Remote Commercial Loan Applications
I'm a remote investor buying properties in another state. I've applied to multiple (5) banks and consistently get told that they do not lend to non-local investors for commercial properties (5+ units). Have any of you encountered that experience before? If so, what did you do to obtain a loan? I'm thinking I just need to try harder, but I could use some pointers.
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Welcome to my El Paso nightmare. Following this post...