Looking for a loan for my property

[Corey Arnold]

Just started doing business and would like to know how to get business loan for my property that I have found.

[Chris Seveney]

Quote from @Corey Arnold:

Just started doing business and would like to know how to get business loan for my property that I have found.

 Post the terms you are looking for, for example we know lenders who lend on non owner occupied properties, must have 30% equity and rates start at 13% and 2 points

[Benjamin Aaker]

Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

[Corey Arnold]

Quote from @Benjamin Aaker:
Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

Thanks Benjamin,

I want a business loan, I found a deal on a property with good income cash flow. I just got some credit cards in my business name using my personal credit, I still have good credit but I think that i have to many Inquiries on my report. First deal and nervous. Will these inquiries stop me from getting a loan from a bank?

Corey 

[Corey Arnold]

Quote from @Benjamin Aaker:
Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

 I don’t own the property, I will give this a try, thanks so much.

Corey 

[Corey Arnold]

Quote from @Benjamin Aaker:
Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

No, I don’t own the property, I will take your advice. Thanks for the information.

Corey

[Corey Arnold]

Quote from @Benjamin Aaker:
Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

Thanks Benjamin,
I will try this today. Have a good week.

Corey 

[Benjamin Aaker]

Quote from @Corey Arnold:

Quote from @Benjamin Aaker:
Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

Thanks Benjamin,

I want a business loan, I found a deal on a property with good income cash flow. I just got some credit cards in my business name using my personal credit, I still have good credit but I think that i have to many Inquiries on my report. First deal and nervous. Will these inquiries stop me from getting a loan from a bank?

Corey 

The inquiries do impact your credit score, but those alone are much less severe than if you have missed payments. The bank will likely have a credit score minimum that you will need to have but beyond that, they will be more interested in your personal financials and then the financials of the deal.

[Corey Arnold]

Quote from @Benjamin Aaker:

Quote from @Corey Arnold:

Quote from @Benjamin Aaker:
Hi Corey,
Do you own the property and are looking for a line of credit? Talk to the commercial banker at the bank that has the mortgage on the property. If you are trying to purchase with a commercial loan, then contact local banks and ask for their commercial banker. Also, you can ask at local real estate meetups.

Thanks Benjamin,

I want a business loan, I found a deal on a property with good income cash flow. I just got some credit cards in my business name using my personal credit, I still have good credit but I think that i have to many Inquiries on my report. First deal and nervous. Will these inquiries stop me from getting a loan from a bank?

Corey 

The inquiries do impact your credit score, but those alone are much less severe than if you have missed payments. The bank will likely have a credit score minimum that you will need to have but beyond that, they will be more interested in your personal financials and then the financials of the deal.

 Thanks so much 

Corey 

[Corey Arnold]

Quote from @Chris Seveney:

Quote from @Corey Arnold:

Just started doing business and would like to know how to get business loan for my property that I have found.

 Post the terms you are looking for, for example we know lenders who lend on non owner occupied properties, must have 30% equity and rates start at 13% and 2 points

Do you have anything with no equity?

[Chris Seveney]

@Corey Arnold

No, most people we work with require a good amount down.