Financing out of state MF deal

[Greg Scharlemann]

Hi I've been looking at a number of 10+ MF deals in Charlotte, NC - which is out of state for me. In the few conversations I've had with lenders in the market they're looking for a local presence and not willing to lend to an LLC that's formed in state but with principals out of state. I have experience financing out of state deals on the smaller residential side but not when they get above 5+ units. How have others handled this? Is it just a matter of talking to more lenders? Thanks!