Need lender for small balance commercial loan that can move fast!

[Rich Somers]

The underwriting team of a local bank I was working with in Louisville just gave me a "No" for a small balance commercial loan for a 5 unit that I currently have under contract. Unfortunately it took them 4 weeks to give me an answer. I have excellent credit, 10 years of strong W-2 income at my government job, a really low DTI ratio, and a healthy balance of cash reserves. Apparently this bank has very strict guidelines for out of state investors and since this is my first deal they weren't willing to take on that risk. They told me if I lived in Kentucky it would be an easy yes. I'm not used to getting a "no" in terms of financing anything, I now understand why having that first deal under your belt for any new investor is so valuable in terms of credibility moving forward. Anyways, the good news is: we are past the inspection contingency and still have 33 days left till close. If anyone can refer me to any good local or non local commercial lenders that wouldn't mind working with an out of state investor like myself, and can move fast, I would much appreciate any referrals.

Thanks in advance!