NONE. You just need to know where to look...and the banks are not the place...never really have been. Credit score doesn't matter either, you just have to have the commercial deal able to stand on it's own two feet. Structure a good deal and the financing will follow. Private investors don't have the same problems as traditional funding sources...and they are all over. I'm not talking about hard money either. 6.5% - 8.25% interest rates with 100% financing on 100% LTV. Not a problem. Financing in 60 days or less...and NO POINTS.
Nov 16, 2008