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Updated over 2 years ago on . Most recent reply

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9
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Luke Hutchins
4
Votes |
9
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Need a multifamily mortgage broker

Luke Hutchins
Posted

Hello, I need a recommendation on a good multi family Mortgage Broker. 
Ive worked with many residential lenders over the years, for my clients and myself but none of them are connected in the commercial side of RE.
I'm looking to purchase a few smaller commercial multi families by the end of the year god willing in the NC, VA, SC, GA regions. (5-20 units)

If anyone has any strong commercial mortgage brokers that specialize in multi family properties that would be GREATLY APPRECIATED! :) 

Most Popular Reply

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1,250
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
1,405
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1,250
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
Replied

@Luke Hutchins - Have you tried a local bank? That's where you'll get the best rate. If that's not an option due to their underwriting requirements (W2 and tax returns), then I'd be happy to help. I work with a handful of strong commercial lenders to build my portfolio (closing in on 200 units). Their rates are a little higher but if the property cashflows or you're buying one that needs work and the numbers pencil out in terms of what you're buying it for, what the rehab will cost and what the ARV will be...then you'll get approved no problem. Message me and we can see if they'd be right for what you're looking to do.

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