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Updated about 11 years ago,

User Stats

17
Posts
9
Votes
Jack Rosenfeld
  • Lender
  • Seattle, WA
9
Votes |
17
Posts

Looking for financing on a MF in Cleveland

Jack Rosenfeld
  • Lender
  • Seattle, WA
Posted

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!