Looking for local lenders

[Dovid Staples]

My partner and I are looking to network and connect with relationship focused local commercial lenders in the Phoenix Arizona area. Our financing strategy is creative and we are looking to avoid the big brand bank names. Right now our focus is mainly on multifamily, but we look at value-add commercial retail as well. If you could comment me or message me your info here we would love to get to know you over coffee!

[Laura Alamery]

@Dovid Staples You have the right idea :) Local/private lenders are "relationship based." Either you approach individuals who are looking to invest and get a good ROI or portfolio lenders (small regional banks and credit unions,) it is all about relationship.

I have always used the relationship based approach. In 1991 when I started purchasing smaller multi families from small banks with non performing assets, and in 2001 when I approached individuals with available funds to invest in flips and developments.

You have to answer 3 important questions and come through as "transparent" and trustworthy:

1. What ROI can you assure me?

2. How is my investment protected?

3. What if I need to liquidate early?

In my opinion, private money is the best way to really grow and prosper as an investor today.