Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does a borrower have to live in the same state as the property to get a commercial loan?

April 26, 2017borrower Commercial live loan Property State

0

Posted

Does a borrower have to live in the same state as the property to get a commercial loan?

1 Answer

0

Posted

A. Many lenders, especially banks, will not lend money if the borrower and the property are located in different states or if the borrower or the property are located outside of the bank’s regional footprint. However, Zeus Commercial will lend to out-of-state and out-of-country borrowers.