Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

47
Posts
16
Votes
Mark A.
  • Investor
  • Madison, WI
16
Votes |
47
Posts

Looking for a Commercial Lender in Wisconsin

Mark A.
  • Investor
  • Madison, WI
Posted

My business partner and I own several buildings / businesses in the Madison WI area. We have 2 purchases for business + associated real estate under contract totaling $11M purchase price and we can bring 10-20% equity. These businesses are doing better than break-even on day 1, are less than a 1.2 DSCR as-is, but have significant upside with proper management. Most existing staffing will remain in place but we will be replacing / assisting some of the management. We've been working with local banks for past purchases but they said that they are unable to loan on hairy deals right now and/or do not loan in the geographical region. We are looking for a new commercial lender who'd be willing to make our loans at 80-85% bank financing. Ideally this loan would be Interest Only for 12-24 months and then we could refinance / balloon. We'd be happy to discuss terms to make the lender comfortable. Does anyone know of any banks lending to experienced investors in Wisconsin for deals with some complexity / challenges?

Loading replies...