Germancarfan,Realtytrac info can be very out of date.

I seem to be in a bit of a no-man's land looking for a lender in this range for commercial (office, retail, industrial) properties.I have been in contact with some banks, some credit unions and a commercial finance broker with limited success so far.

Note that they are a bit dated when you listen to the examples.

SS fraud claims are running wild and I can see the FAST Act and the CPFA issuing limiting determinations on the matter.Right now, under FAST, IMO these stratigies will only be for owner occupied sellers who are exempt from mortgage origination rules.

Josh can suggest what forum is best for the discussion as I am not sure exactly where it would fit (commercial is my guess).John CoreyHi John,Forums sure have come a long way since I last used them (OK, I am dating myself now).

Often you are restricted or limited in raising the rent each year (depending upon the funding of the program).

Then have to go back to county office to file for a court date which takes 7 to 10 days and if they don't show up they get another ten days grace period to make their claim at which point you can call the sheriff to make an appointment to change the locks....another 7 to 10 days.Altogether if the wife never shows up it should take around 45 days.

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.

I see Posted dates that seem a bit old, but then I see Edited dates in the posts that are from 2010.

What it really means is many lenders who expect to sell the loan on to Fannie Mae or any other investor who uses the Fannie Mae guidelines will not be able to do so when the borrower has 10 or more mortgages in their name.There are lenders who do not sell on their loans and they still have limits on what they will do with any one borrower.