Looking to connect with commercial brokers and lender in NC

Investor · Jacksonville, NC · Member since 2018 · 193 posts · 107 votes

looking for a large project for 2023, hopefully to be our first syndication (75+ units).

Would like to start connecting with commercial brokers and lenders in NC, preferably around larger MSAs (Charlotte, Raleigh, Fayetteville, Greenville) etc.

Lets connect!

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Anthony Johnson

Contractor · Wilmington, NC · Member since 2022 · 37 posts · 30 votes

Wilmington NC below you has great lenders and brokers.

I work with Dogwood State bank. Southern Bank and First Bank

Cape Fear Commercial, Maus Warwick, Williams are great brokerage. Depending upon the asset class they both have great broker options. Good luck.

If your looking for building or remodeling needs for your units please let me know if we can be of service.

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Amy Shutes
Specialist · Charlotte, NC · Member since 2021 · 185 posts · 106 votes
4y
@Chris Tarpey
Let’s connect. I know a great commercial lender in my office. I can get you his contact info over DM.
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Mordy Chaimovitz
Investor · Chicago · Member since 2022 · 128 posts · 85 votes
4y
Wow! Good for you!
here are some tips to get started

Your lender will most likely require you to have a few documents to get a loan
1. PFS - Personal financial statement:
most lenders will want to see that you or your sponsors have assets equal to to the value of the loan, with %10 of that being liquid assets.
2 SREO- a schedule of real estate owned:
lenders want to see that you or your sponsors have experience with Real estate and will ask for some info about your current portfolio

3. OS- Operating Statements
Lenders will want to see the income and expenses of the property for the past 2 years sometimes 3 years
4. Current Rent Roll
5. Unit mix
most of these things you will need for due diligence anyway.
have these items prepared to send to your lender and it will expedite the process significantly!
Good luck!
0 Reply
Anthony Johnson
Contractor · Wilmington, NC · Member since 2022 · 37 posts · 30 votes
4y
Wilmington NC below you has great lenders and brokers.
I work with Dogwood State bank. Southern Bank and First Bank
Cape Fear Commercial, Maus Warwick, Williams are great brokerage. Depending upon the asset class they both have great broker options. Good luck.
If your looking for building or remodeling needs for your units please let me know if we can be of service.
1 Reply
Ronald RohdePro Member
Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
4y
Do you have a track record?
0 Reply
Chris Tarpey
OP
Investor · Jacksonville, NC · Member since 2018 · 193 posts · 107 votes
4y
Quote from @Mordy Chaimovitz:

Wow! Good for you!
here are some tips to get started

Your lender will most likely require you to have a few documents to get a loan
1. PFS - Personal financial statement:
most lenders will want to see that you or your sponsors have assets equal to to the value of the loan, with %10 of that being liquid assets.
2 SREO- a schedule of real estate owned:
lenders want to see that you or your sponsors have experience with Real estate and will ask for some info about your current portfolio

3. OS- Operating Statements
Lenders will want to see the income and expenses of the property for the past 2 years sometimes 3 years
4. Current Rent Roll
5. Unit mix
most of these things you will need for due diligence anyway.
have these items prepared to send to your lender and it will expedite the process significantly!
Good luck!

Awesome, this is great info. Very much appreciated!
0 Reply
Chris Tarpey
OP
Investor · Jacksonville, NC · Member since 2018 · 193 posts · 107 votes
4y
Quote from @Ronald Rohde:

Do you have a track record?

Personally, no, not on the commercial side.
However our cohort has investors who have completed multiple syndication deals and continue to partner and play a role. As a newbie on the commercial side of the house, just looking to see where I can possibly add value and what relationships I can make on my own.
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Ronald RohdePro Member
Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
4y
Quote from @Chris Tarpey:

Quote from @Ronald Rohde:

Do you have a track record?

Personally, no, not on the commercial side.
However our cohort has investors who have completed multiple syndication deals and continue to partner and play a role. As a newbie on the commercial side of the house, just looking to see where I can possibly add value and what relationships I can make on my own.

Thats fine, just understand what your weaknesses are. If you can decrease LTV, lower expectations, and still raise investor capital, then you'll be fine for a first deal. Be sure to have a strong team of vendors to guide you.
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