Updated over 9 years ago on . Most recent reply
Seeking Commercial Funding
Hey BP,
Wanted to write a quick post because I'm looking for lending on a 5 unit and duplex that are next to each other.
Long story short, I went my initial lender and he can only do 4 units (tried to get an extension to do 5 but was rejected which took about 2 weeks) and was referred to his buddy who is a lender as well, but he is so swamped with loans that he only wants to focus in his particular county (this took another week).
These properties are located in Macon, Ga with great returns as I have already ran multiple scenarios using the excellent BP calculators. I already have a SFH that I just finished rehabbing and placing tenants last month (still need to share with you guys that story with pictures), but I really need someone to come through with possibly wrapping these properties into 1 mortgage (the same owner for both properties).
I will have no problem with the underwriting process and getting pre approved as I have no outstanding mortgages with about a 760 to 770 credit score. I also have some private money and my own that I will be used for closing on the property.
If you're a lender that can work with me on this deal and wants to build a long term relationship, feel free to reach out via thread post, phone or PM because I plan on building my port with you.
I am more than welcome to give more details on this deal as well.
Thank you again for taking the time to read and help me out (referrals welcome)!!!