Jun 5, 2017
Not all Lenders are the same; some Banks are not real estate
lenders.
Not all Lenders like Apartment loans
Not all Lenders like older properties that need to be rehabbed and
repositioned
Not all Lenders like non-recourse loans; most will not even offer
non-recourse loans
Not all Lenders will like the part of town that you want to invest
in.
Not all Lenders will give you maximum leverage to acquire and rehab
with your loan
Not all Lenders will amortize apartment loans greater than 15
years
Your large bank loan officer is not the decision maker; help
him/her build a case for their credit committee to approve the
loan. Loan officers are sales people and problem solvers, but they
don’t have signing (approval) authority.