Cleveland Commercial Lender

[Virgilio Blasco]

I started investing in Cleveland last October and have closed on 5 rental properties, some of which are rehabbed, rented, and ready for refi. Trying to find some options that are not 'no doc 7-8%'. I have strong credit and financials so Im trying to find a smaller local bank willing to work with out of state investor and put me in the 5-6% range, in my ARV range 100k-250k. Thanks in advance for your advise and guidance ; )

[Andrew Weiner]

You can try Dollar Bank, they have lent on groups of properties in the past. Due to all the changes right now with COVID its hard to say if products available in the past will be available now. I know that the lenders I have dealt with in the past raised their rates, time to close, and max LTV. I know a few others, you can DM for their personal contact info.