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Updated 3 months ago on . Most recent reply

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Erol Shashaty
5
Votes |
9
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Real estate friendly bank

Erol Shashaty
Posted

Hi,

We are an overseas fund that will start investing in Cleveland area residential properties. 

Any suggesting on which bank to work with. Which bank in Cleveland is easier to work with and our of country investor friendly.

Thanks

Most Popular Reply

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160
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Trevor Finn
  • Real Estate Consultant
  • Columbia, MD
53
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160
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Trevor Finn
  • Real Estate Consultant
  • Columbia, MD
Replied

Hi @Erol Shashaty,

Based on my research here is what I came up with!

For your overseas fund investing in Cleveland residential properties through a U.S. corporation, it's crucial to partner with a bank experienced in working with foreign nationals and investment funds. Given your need to avoid personal guarantees and collateral, consider the following institutions:

  1. KeyBank: Headquartered in Cleveland, KeyBank offers a range of commercial banking services and has experience with international clients. Their familiarity with the local market and diverse financial products could be beneficial.
  2. Huntington Bank: With a significant presence in Ohio, Huntington Bank provides various commercial banking solutions and has a history of working with business clients, including those with complex ownership structures.
  3. PNC Bank: As a major regional bank, PNC offers comprehensive commercial banking services and has experience dealing with corporate clients, which may align with your fund's requirements.

It's advisable to contact these banks directly to discuss your specific needs and assess their ability to accommodate your investment structure without personal guarantees. Additionally, consulting with a financial advisor experienced in international real estate investments can provide further guidance tailored to your situation.

I may also be able t find a lender besides a local bank! Hope this helps!

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