Looking for Commercial LENDER on 3 new properties in WY

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Looking for Commercial LENDER on 3 new properties in WY

Sheri FluellenBusiness Member
Real Estate Agent · Cheyenne, WY · Member since 2020 · 123 posts · 64 votes

Hey fellow investors and lenders!! My quick scenerio- I own about 15 properties.  It's time to trade a few of them up, as I have too much equity sitting in the property not working for me.  Among the 3 properties at sale, I'll have about $750k in profit to flip into new properties.  That will give me about $2.5-3M in new properties.  There are a few I've identified already (4plexes, an 8 plex, and an office building).  What I don't have lined up is a solid lender that can provide me commercial loans.  Locally the banks we've used aren't lending right now.  Do you have any recommendations on lenders that are licensed in WYOMING?

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  • Real Estate Agent · Member since 2021 · 52 posts · 12 votes
    3y

    Hey congrats on your success first off! I just had an amazing meeting with a lender in my local area who does a lot of development loans especially 100m+ which they can close in 30 days. They might be interested in this, I can refer you to them, they prefer 5m+ but I believe they will consider any great loan if you can provide the documentation.

    They are currently in the process of helping me finance my first 30 unit apartment building, I only had 10% to put down but it's also being sold under market value so that also helped. I talked to so many lenders who constantly said they could help and then shot me down. If you need help let me know and I can refer you if you need it and can provide proof of funds and other documentation they may ask for.

    Connect with me and let me know if I can help!

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