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Updated over 7 years ago on . Most recent reply

User Stats

38
Posts
12
Votes
David Siegel
  • San Diego, CA
12
Votes |
38
Posts

Recommendation for Loan Officer at 1st National Bank of Texas

David Siegel
  • San Diego, CA
Posted

Hello BP Community! I'm nearing the finish line on my first BRRR and everything is going really well! I'll post the exact numbers but my 4/2/2 with a PP of $95K and rehab costs of $23K will have rehab completed on 9/27, exactly 30 days after closing and I expect it to be rented within 2 weeks from that date.

I'm reaching out to banks local to the San Antonio area to find a portfolio lender. Because the property was purchased by my LLC I've been told conventional lending may not be an option. I'm open to exploring all possibilities. Creative cash out suggestions are more than welcome.

I'm currently looking into contacting First National Bank of Texas and they have a long list of Loan Officers. Rather than put "No Preference" I'm wondering if anyone here has had a good experience working with a loan officer from this bank.

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