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Updated over 2 years ago, 07/13/2022
Local or National Commercial Lender?
I'm looking at a 10 unit property in Arkansas and I'm wondering should I seek a loan from a local or a national commercial lender? I'd be planning to do some renovation/value adding then probably refinance in 8 months - 1 year. I also would like as low a rate as possible of course so would it make sense to work with a local bank that understands the market and the area, or seek a national lender that may have better rates or be better long term relationship wise?