Comm'l lender for Huntington, WV 5-plex - out of state borrower?

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Comm'l lender for Huntington, WV 5-plex - out of state borrower?

Rental Property Investor · Seattle, WA · Member since 2020 · 43 posts · 21 votes

I've been calling all the local lenders near Huntington, WV trying to get a commercial loan on a 5- unit property. I paid cash for it, so I am looking for a cash-out refinance with money for renovations. The problem is that the local lenders won't lend to out-of-state investors (I'm in Seattle, WA). Any suggestions? I'm not looking for hard money or private money - I'm looking for a legit commercial multifamily refinance bank loan.

Thanks!

Randy B.

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  • Financial Advisor · Los Angeles, CA · Member since 2021 · 141 posts · 58 votes
    4y

    Hey @Randy B. we have programs for out-of-state investors offer 30-year fixed rate options, with rates starting in the 4's with a 2% origination Fee. Available for Multifamily 5+ units. 

  • Rental Property Investor · Seattle, WA · Member since 2020 · 43 posts · 21 votes
    4y
    Quote from @Alex Roter:

    Hey @Randy B. we have programs for out-of-state investors offer 30-year fixed rate options, with rates starting in the 4's with a 2% origination Fee. Available for Multifamily 5+ units. 

    Sounds interesting Alex. Let’s talk. 
    I am available before 10 AM PST and after 2 PM PST today, Wed. the 2nd of March.

    Randy

    360-661-1370

    [email protected]

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