Please, Experts: How do new Commercial Real Estate Investors get funds to finance their first deals..?

How do the Lenders analyze them...? Is it based on their Credit Scores or On the money they have saved in the bank or on the money down payment they have...? What is the main and the most important qualification...?
In Buying Property - Asked by Frankie N. - Sep 14, 2015
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Answer(s)

Trent P.
Owner/Investor
Franklin, IN

They are looking at all of the above. They want your money down credit score at 700 or above and your income needs to be high enough to cover the debt if things go wrong on the property. I would say income is the number one thing than cash.

Sep 15, 2015
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Matt M.
Broker/Agent
Federal Way, WA

I have found the most important qualification other than credit is a business track record or at least an understanding of business and the Real Estate market and demonstrating the ability to pay the loan back. You can have your own money, but lenders will be much more resistant to lend if they believe you can't perform or control the process to safeguard their investment in both YOU and the property. Design a resume that highlights your strengths and a business plan. Removing unknowns is key to obtain capital.

Sep 18, 2015
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JOSHUA S.
Broker/Agent
Greenville, SC

I have found the best way to obtain financing is to partner with experienced investors. Focus on becoming a market expert and identify a well located property with above average profit potential. If you find an excellent deal and an experienced JV partner the financing part should be relatively easy.

Sep 22, 2015
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Micah R.
Lender/Mortgage Broker
Arizona State University, AZ

I finance a lot of first time investors. Give me a call. I can go over the parameters. 949-Seven five six-3566

Oct 16, 2015
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