A lender will want to see if you have enough cash flow to repay the loan. Your chances at getting approved will usually depend on whether your net income is steady and is at least 20% higher than your debts. To verify your credentials, they may ask to see your financial statements, tax documents, evidence of assets that can be converted into cash, and documentation of your proceeds from rental income or leases.

Commercial private hard money lenders will review the value and profitability of the commercial property collateral. They may use the loan-to-debt ratio to check if it makes sense to finance the project. The LTD should not exceed 75% for non-recourse loans, which may be offered if you lack an established financial track record. This means your personal assets can be used as collateral. If you default, the lender can seize.