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Updated 10 months ago on . Most recent reply
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Small Balance, $250,000 - $750,000 Lenders, who do you use?
We frequently have properties offered to us off market in the $250k-$750k range but finding decent lenders or investors is a slight challenge. Does anyone have any recommendations as we have several properties under contract around $500k and less and need to find lenders asap. Appreciate the time and recommendations.
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Jerry, multi-families small balance loans mainly and financing that makes sense below 7% with longer terms as we buy and hold. This property is 98% occupied, just badly managed and rents are no where we they need to be so it won't take long to get things right. Just need a good lender.