Having Trouble Finding a Loan for an Out of State Commercial Property
I live in California and found an off market deal for a commercial property in a different state. I plan on renting it out.
However, I am having trouble finding any lenders.
*BoA says they don't do commercial loans for commercial investment properties, only for businesses.
* I tried contacting a local mortgage broker, but she didn't find anything .
* Local credit union is out of the question because I don't live in that state.
Any tips on finding a lender would be much appreciated.