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Updated about 8 years ago,
Virginia Lenders
Hey BP'ers
I'm looking for bank (or private) recommendations for financing on a triplex I'm looking at. Repairs are needed so conventional won't work - not interested in living in it so FHA is out too. That leaves some type of portfolio or hard money.
I'm really interested in lenders who have a seasoning requirement less than 12 months. This will allow me to use hard money for the purchase and repairs but not spend a fortune on debt costs. I also like the idea of pulling my money back out later.
Purchase and repairs are around 200k.
Thanks
Adam