Looking for NJ Lender

[Derek Eddy]

Hi, I am looking to obtain a pre-approval letter from a bank before hunting for multi-family and mixed-use property in northern NJ.  Advice on good lenders, or suggestions for what bank you use for your loans would be a great help.  Also, tips on what to keep an eye out for in the process would be appreciated!  Thanks.

[Adam Anderson]

To get around the seasoning requirement it's best to work with a local bank that holds the loan themselves.... At least that's what infound. When I went directly to the banks they all offered 20-25 year amortizations, rates around 5%, 70%LTV, and ARMs between 5-7years. Bob The Broker I works with somehow gets 30 year, 7-15y terms, and lower rates. I'll PM you his contact info