Regional Banks and Other options for commercial loans & LOC

[Jessie Chang]

Hi everyone. 

I am looking for more options for financing LONG term rental properties I want to purchase. We already maxed out 10 Fannie/Freddie loans so I am now looking for SOLID contacts at regional banks or firms/ private lenders who will do "commercial" type loan / Line of credit / private loans for my new rental properties I will be purchasing. If you have national contacts who can lend in any state, that would be GREAT, but also ok to find local contacts in following cities. Houston TX, Atl GA, Indy IN, Chicago IL

I know portfolio loans area available too but they usually require larger loans like 500K Minimum and that could be a challenge to execute all at once.

If anyone else has any other tips - please share!

[Steve ONeal]

When I need to find a lender for a particular property, I always go through the local MLS and find a few similar properties recently sold, and then call either agent and ask who if anyone wrote the new loan. Then I can tell which banks are currently most active and likely most competitive. Good luck!