Posted by Wayne IL on August 02, 2001 at 08:14:06:
There are three factors lenders look at:
- experience of the purchaser(s) in real estate
- amount of equity in a deal
- credit quality of purchaser(s).
Generally, a lender will consider a loan if teh purchaser(s) qualify on two of the three above factors.
If you’re purchasing a single tenant property occupied by a credit tenant (S&P Rated BBB or better), purchaser’s credit rating is usually not a factor, the tenant’s credit makes the deal.
W A Sanderhoff