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Updated over 8 years ago, 08/17/2016

User Stats

208
Posts
47
Votes
Leo B.
  • Investor
  • Hercules, CA
47
Votes |
208
Posts

Commercial Financing below $1M - Any contacts?

Leo B.
  • Investor
  • Hercules, CA
Posted

Hello-

I've been looking at multifamily properties (5+ units) priced between $200K and $1M but it's been difficult finding lenders willing to loan to these amounts.  I've contacted a number of local banks and credit unions in the areas I'm looking at (IN, OH, TN, KY), however they are only willing to lend to borrowers residing in that state and I'm from CA.  Does anyone have any good lender or mortgage broker contacts for these types of loans?

Thanks,

-Leo

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