Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Best Lenders for REI (NC and GA)
Does anyone have recommendations for local lenders in NC and GA that regularly work with REI (residential and small commercial)?
I would much prefer to not work with the big banks and in my experience sometimes local lenders are not very sophisticated when it comes to non-cookie cutter conventional residential lending.
For instance I recently worked with a local NC lender on a subdivision and construction loan which incurred unnecessary delays and thousands in additional expense, not due to the economics of the deal, but rather the bank's ignorance of the law and considerations that arise in subdivision/recombination of a plat.
Go forward I would much prefer to work with lenders who are well versed in dealing with REI and avoid paying for the bank's learning curve and oversights. Thanks