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Updated almost 5 years ago, 12/19/2019
Upstate New York REFI Lender
HI BP - I own some property in upstate New York and just finished renovating and tenanting my newest acquisition, a 4 family in Oneonta NY. A lot of the traditional banks I use will not lend in this submarket. My goal will be rate and proceeds on the refi. Any recommendations on who to use in this area?
Cheers,
Zach Feldman
@Zachary Feldman I'm an approved broker with Visio Lending. They specialize in lending to investors that own 1-4 unit properties. I can definitely help you. Message me if you want to discuss it further.
P.S. I'm from Brooklyn originally and know where Oneonta is on a map, but have never been there. Is there a particular reason why the lenders that you normally use won't lend there or is it simply because it's outside of their geographic region?
@Zachary Feldman I have a few properties in Oneonta and use one of the local banks. They have been great. Happy to share contact details
@Zachary Feldman I had a contact at community bank I’m happy to share. I wound up using my lender here in NYC for the transaction, rates were a bit better.
Congrats on the deal! Would you mind sharing who did the work for you up there? Been looking for someone who can help with a rehab.
@Brandon Cohen. Feel free to message me directly and ill put you in touch with the contractors I used.