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Updated almost 3 years ago, 02/10/2022
small commercial loans?
I used conventional financing for a few smaller properties but am now looking at some 8-plexes. Looking to borrow about $500-800k, depending. Commercial financing is new to me -- how do I navigate finding small loans? I'm looking to buy out of state (live in CA, buy in NC), which I suspect will add another layer of complexity in finding a local lender. Also, what kind of interest rates should I expect (I have a strong borrower profile)?