Conventional Loans under $75k

[Phil Shearcroft]

Hey BP!

I'm trying to find a lender that will lend to an LLC under $75k. Are there any lenders who will give a conventional loan to an LLC under this threshold? I have a great little property in KC that needs a small conventional loan 20% down.

Any suggestions out there? I’m having a hard time finding financing for this amount.

[Tim Johnson]

Carrington Mortgage is a national wholesale lender. They don't have a loan min.  You would have to work with a broker.  But email them and see if they can connect you with a local broker.

Being that small of a loan, your rate and terms are going to be very similar to a commercial loan, so I would get pricing from both.  Commercial loan is way quicker to close than a conventional loan.