Updated over 6 years ago on . Most recent reply
New Property Business
Hello Me and my business partner recently formed a property investment business in Trenton NJ our goal is to use the brrrr strategy to buy and hold properties. While we've been building our company's cash and credit we've been looking for funding but most lenders are looking for at least 5k a month in revenue, or the owner have a 680 credit score, or the company's been active for 2 years. My partners score is around 630 and mines is around a 600 so we figured we would have to wait till one of us gets our credit score to 680 in order to get funding for our first property. My question is are there any lenders that lend to newly formed companies that dont meet those requirements, I doubt that there are but it's worth a shot.