Posted by Bruce Barilar on July 19, 2003 at 08:58:29:
SRK, I was away and just saw your post. If you have good credit, income and do not go over 80% LTV try a local bank. I am in PA and have been doing these using local bank that is currently agressive in the small business lending arena. Terms have been 15 year, 6.25% fixed for 5 years. Partnership is not a problem, but both partners would have to sign personally. FNMA, FHLMC do not lend to partnerships and typically require 12 months seasoning on a consistent basis. You can do some deals lender to lender, but this is the general rule.
Where are you in PA, I am in Lancaster-Harrisburg area?
Good luck with your investing, Bruce