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Updated over 4 years ago on . Most recent reply

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5
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Ryan Fosse
  • New to Real Estate
  • Des Moines, IA
2
Votes |
5
Posts

Commercial mortgage broker in the Des Monies area

Ryan Fosse
  • New to Real Estate
  • Des Moines, IA
Posted

My partners and I have a property under contract in Des Moines. We are now looking to talk with a broker in the area to lock down our financing. Any suggestions?

  • Ryan Fosse
  • Most Popular Reply

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    2,834
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    Anthony Wick
    • Rental Property Investor
    • Ankeny, IA
    3,901
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    Anthony Wick
    • Rental Property Investor
    • Ankeny, IA
    Replied

    @Ryan Fosse. I'm going to assume this is Des Moines, Iowa and not Washington. If not, read no further. 

    Is this in an LLC, or in your personal names? My last several mortgages I have gone with Luana Savings Bank in Clive (or Polk City). Local bank that will keep all loans in-house. The mortgages are in my LLC, but my partners and I signed a personal guarantee on the mortgages. All recent mortgages we have are 20% down, 25 year amorts, and 7 year balloons.

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