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Updated about 11 years ago,
Looking for financing on a MF in Cleveland
We are in escrow on a 39 unit building in Cleveland and our loan from a major bank is falling apart as we are getting closer to closing. I can get an extension to escrow, but I need to find another source of financing. We created a LLC and there are 13 investors that make up the Class A members of the LLC. And my investment company (a LLC) that is the sole Class B member.
I know it is difficult for non-Cleveland residents to get funding on multi-family in Cleveland. But If anyone has a lead, it would be much appreciated.
Thanks!