Looking for an Outstanding Mortgage Broker in Arkansas

[Brad Norman]

Hi there so I'm looking for a Outstanding Mortgage broker who can assist me long term with building a Portfolio in Arkansas. This is the challenge, company is a US company with 3 years trading accounts. the owner me is a Canadian Resident , so i file personal tax returns in Canada and the UK. I do Have an  E2 Investor Visa in process, which I'm told will make things easier as i can then obtain a US social security number. I have been told buy other Mortgage Brokers in other states that it is all down to the Underwriters and if they are happy to base there lending on the Company accounts and previous Experience. Also some bank are happy to look at an Exquifax credit report from Canada or the UK to see the owner has good credit it other places . So any help in this would be great , as i mentioned I'm looking for a long term relationship.

[Andrew Johnson]

@Brad Norman Your first step might be to determine the geography in Arkansas where you want to invest.  The reason that I say that (as someone in California who invests there) is that it tends to be more of a community bank driven market.  What that has meant to me is that the person that I work with at Centennial Bank will actually drive by properties that I'm considering, may know something about the history of the property, etc. and since they generally hold the note themselves on commercial multifamily that street-level knowledge can play into conversation in the loan committee.  That being said, numbers still have to pencil out, you'll deal with 5 year ARMs, likely have a full recourse loan, etc. but there is definitely more of a partnership feel to it.  The reason for the lengthy monologue is that the effectiveness of the partnership has a lot to do with the hyper-local focus.  I could give you a name if you were looking into North Little Rock, Maumelle, Conway, etc. but that person wouldn't be a great contact if you were looking into Fayetteville, Fort Smith, Texarkana, Jonesboro, etc.