Local Lenders and their Terms

[Carter Crowley]

Just wondering if anyone in Wisconsin around Appleton, Oshkosh, Green Bay, or FondduLac has a preferred lender/company that they like to use for the BRRRR strategy. Just starting my search to find some lenders who have great Terms and Rates. Always appreciate any referrals!

[Daniel Gray]

I was very happy with Jason Herbst at Johnson bank on Washington St. in Green Bay. 

It was a pretty conventional loan 25% down for a multi family property. Rates are roughly 1% higher than the residential rates listed on their website for investment properties. They have a commercial banker who can help if you are under an LLC. My closing costs were about $1500.

I did a buy and hold and don't know much about the BRRRR as I'm no good at creative financing yet and don't have a lot of cash to work with... so this may not be what you are looking for.

Dan Gray