Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
States Required to hold NMLS to originate REI Loan
I have not yet been able to get a definitive answer as to what states require a Commercial Broker to carry a broker license to get funding private or hard money for non owner occupied real estate investment properties. Can someone please point me in the right direction and the NMLS is not the place to find this information. I would really appreciate any feedback on this. I have been reaching out to private lender's and they do not require me to have a license even in certain states that require a NMLS to originate the loan as a Commercial Broker.
Someone please help me because it seems like NO one really knows what those states are that require a license even people that have been doing this for 25 yr+.
All feedback is welcome as long as it's backed by more then just an opinion. I'm looking for facts. Thanks.