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Updated over 5 years ago on . Most recent reply
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Best local banks/lenders in Minneapolis St Paul Area
Hi All,
I'm looking for some new financing on my rentals, ideally a local bank/credit union that understands investing. Who would you recommend? If I end up using them I'll send you a caribou card or something to say thanks!!
I'm really under leveraged currently and have a solid 10-year track record but do have a CD balloon coming up in a few months. Ideally, I'd like to work with a local bank/credit union that understands investing. In the past, I've dealt with people who mostly deal in car loans etc and don't understand what I'm doing. Dream loan would be a line of credit across multiple properties with individual loan releases. (so I wouldn't have to refi every time I get antsy and sell a rental)
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@Brooks Johnson are you referring to 1-4 unit properties or 5+ unit properties? I agree if 1-4 units talk with @Tim Swierczek. If need a commercial loan, Bridgewater Bank with many branches in the metro is a great option. DM if you need more details.