Recommendations: Investor Friendly Local Lenders for REFI

[Jeff Petsche]

Hello BP Community

I'm looking to invest in some buy/hold properties OOS using the BRRRR strategy and I'm looking for some recommendations in the HM space and local banks/credit unions who are investor friendly for REFI purposes. I've heard that some of the BRRRR investors out there are using commercial banking to REFI because they don't require any seasoning, you are not limited to 10 personal loans and you can buy the property in an entity. The rates are a little higher and the loans are amortized over 30 years with a due in 20 to 25 years, no balloon payment. If the numbers still work at the higher rate, I'm willing to go the commercial REFI route if these other rules are really in place.

I'm looking for contacts in the following markets:

Indianapolis, IN

Memphis, TN

Oklahoma City, OK

Columbus, OH (May already have one here...If they would ever call me back)

Kansas City, MO

Thanks for your help and/or recommendations.