Commercial Lenders in Greenville SC

[Christopher Schmidt]

I'm wondering if there are any Commercial Lenders in the Greenville SC area that might be able to help me out and talk me through the process. I'm looking to jump out of traditional financing and into bigger multi-units (been small time investing about 8 years now), I have a lead up on a 6 unit, and the 2 banks I've reached out to haven't returned any calls. Any recommendations would be appreciated!

[Brock Freeman]

Small stuff like this for long term financing you can try your local credit unions. Many times they are easier on the pre-pay as well. If not, then you will need a bridge loan for perhaps a year to get those rents up to market and rehab at least some of the units.

Most loans on Commercial Real Estate are recourse and they can be seen on your personal credit. There are some non-recourse lenders out there, but that will cost you more, and they may only go for larger loan amounts.