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Updated over 5 years ago on . Most recent reply
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Clarksville TN local bank
Clarksville TN investors: what local bank do you like? My wife and I keep most of our money in Ally for the interest rates but we want a local bank to keep emergency cash in, get cashier's checks from, etc. If we could find one that was a portfolio lender that would be an awesome bonus. I'd be willing to move a lot more money over if we were going to be using their lending services.
We have been using Fortera but their online system is TERRIBLE, especially for trying to transfer money to and from our Ally accounts. I worked with banks 10 years ago that made it much easier. Any suggestions on what banks you have had a good experience with?
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Fortera doesn't do commercial portfolio lending. My personal favorite is Cumberland Bank and Trust, see Geoff Livingston and tell him I sent you. They are great at commercial lending and can get very creative in certain situations. With high enough ARV and purchase price you might get some of those unicorn financing deals you read about on here.
Some other strong contenders that we are exploring for lines of credit now that we are really established, Farmers Bank (in Nashville but do deals here), Planters Bank, and First Advantage.
Hope that helps. If you are ever interested in doing any private lending let me know, we have more leads (we mainly stay in the Nashville market) than we can finance.