Financing Options in North Carolina

[Paul Politte]

Hello Everyone - I'm a rookie investor in Cary, NC looking to get started investing in the Triangle area (SF, Small MF / BRRRR, B&H, Flips).

Since I'm not quite able to buy with cash, I'm curious if any of you have recommendations for local credit unions/smaller banks that offer financing (fixed rate or adjustable) for less than 20% down. I've found promising leads with SECU, and also looked into Coastal Credit Union, but I wonder if there are if there are other local portfolio lenders offering short loan seasoning periods (<6 months), or who are even potentially able to roll the rehab into the loan?  Thanks in advance! 

-Paul

[Ryan Groff]

Hey Paul,

There are plenty of local private money and hard money lenders as well as national lenders that will lend 90% of total cost (purchase price and rehab). I know of a couple that you can refinance directly through the same lender after completing the rehab and getting a tenant in the property. PM me if you would like their contact info.