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Updated over 7 years ago,

User Stats

7
Posts
3
Votes
Joe Won
  • Investor
  • Ashburn, VA
3
Votes |
7
Posts

Private lenders... where are you?

Joe Won
  • Investor
  • Ashburn, VA
Posted

We are about to buy our first duplex using a commercial portfolio loan. The process was different from getting a residential mortgage where I just a get a preapproval. I had to wait 5-6 days for the underwriting to go through before I could even make an offer. I have several other great cash-flowing deals that I'm looking at but the process of getting a commercial loan is slowing down my buying process. I really need to connect with some private lenders that will help me with acquire deals quicker. I can then take time to refinance out using a commercial loan.

Anyone know any private lenders I can speak to?

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