In most cases commercial loans are based on the performance of the property and not the credit rating of the owner. Buy the property in a Corp using Corp credit and not personal credit.
Originally posted by alvin:
what are the pros and cons of refinancing a commercial property after using a hard money lender to intially acquire the property. would it be better to wait after a year or within the year to refinance? what if the schedule E determines the property itself is producing good cash flow and you want to refinance within a year, can you get a good interest rate whether if you have good or bad credit?
Previous Topic
Index
