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Updated about 2 years ago, 11/16/2022
commercial lender need to be in the same state as the property?
Hi… I have a 6-unit in Cleveland OH that I own in full, and now I’d like to seek a cash-out refi commercial loan/mortgage. Does the lender need to be in the state the property is in (Ohio)? (Oh, and I live in CA).
I’m also open for any tips for where I should start, or lender recommendations.
Thanks in advance!
-Sandy