I'd like to borrow $38,500 for a commercial building

It's unlikely you will find any lender out there willing to do a commercial loan for such a small amount.. Your only hope would be a local community bank.. typically, commercial lenders will only consider loans in the $250K or above, with a handful going down to $100K. But a local bank or credit union might be willing to do a loan of that size, or at least figure a way to do it.. If you own a home now, you could borrow against your home and then loan the money to your business for the commercial building.. this strategy can be done by any mortgage lender.. but I would suggest you use someone local.. so try contacting a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

I can help you if you want. Here is my contact info. 502-314-6688. Call me and we can discuss the details and go from there.