Local lenders for an 8 plex apartment

Local lenders for an 8 plex apartment

Greenville, SC · Member since 2017 · 27 posts · 5 votes

Attention Greenville, SC multifamily/commercial investors/Lenders/Mortgage Brokers:

We are currently in negotiation of obtaining an off market deal: an 8 plex apartment in Greenville, SC. Looking for recommendations of local lenders/banks some of you have used to fund commercial deal and have had good experiences with that you may be willing to recommend . Thanks in advance!

0Reply
8 views

3 Replies

Jump to latestLatest
  • Rental Property Investor · Greenville, SC · Member since 2017 · 28 posts · 12 votes
    8y

    Hey @Sean Eads! Don’t suppose you’d be interested in just flipping it to me, would you?

  • Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    8y

    Sean,

    IS this a turn-key property or require rehab?

  • Greenville, SC · Member since 2017 · 27 posts · 5 votes
    8y

    @Bob Green this was a little of both. The unit is 100% occupied but has not had rents increases in years and thus well under the current market rate. Our goal is to rehab units as lease contracts expire in order to increase rents by 2019. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.