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Updated over 3 years ago, 09/04/2021

User Stats

38
Posts
35
Votes
Sandy Metivier
  • Rental Property Investor
  • San Francisco, CA
35
Votes |
38
Posts

Commercial MF lending - CA resident investing in OH

Sandy Metivier
  • Rental Property Investor
  • San Francisco, CA
Posted

Hi folks - I need referrals. 

Found a seller who is moving three of his properties and we've put in simultaneous offers on a triplex, duplex, and 6-unit. The 6-unit is all cash for now, but we'd like to be able to refinance with a commercial loan. It'll be our first commercial loan, though we already own 3 investment properties, have excellent credit, all properties cash flow well, etc. I know some lenders only do bigtime for commercial, but this is Cleveland so we're looking at a property value around $260k. 

We live in CA, and Ohio lenders won't lend to us as we're out of state. Anyone have a national or CA commercial lender who they know does business in OH to recommend? 

Thanks in advance! 

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