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Updated about 2 years ago on . Most recent reply

User Stats

202
Posts
81
Votes
Michael Williams
  • Rental Property Investor
  • Sacramento, CA
81
Votes |
202
Posts

Interviewing Residential/ Commercial Lenders

Michael Williams
  • Rental Property Investor
  • Sacramento, CA
Posted

I've recently secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are different terms and conditions I should ask for when speaking with multiple residential and commercial lenders? Should I contact local lenders at banks and credit unions in my area or should I also speak with lenders outside of my city/state?

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