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Updated over 5 years ago on . Most recent reply

User Stats

45
Posts
34
Votes
Brooks Johnson
  • Realtor
  • Minneapolis (Blaine), MN
34
Votes |
45
Posts

Best local banks/lenders in Minneapolis St Paul Area

Brooks Johnson
  • Realtor
  • Minneapolis (Blaine), MN
Posted

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) 

Most Popular Reply

User Stats

70
Posts
134
Votes
Brad Schaeppi
  • Attorney
  • Wayzata, MN
134
Votes |
70
Posts
Brad Schaeppi
  • Attorney
  • Wayzata, MN
Replied

@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.  

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