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Updated almost 5 years ago,
Loan for commercial property - Recommendations
Hello all - I am looking for approximately 1Mn in funding. I would appreciate if you could share the names / contacts of best banks for commercial real estate lending (NON OWNER OCCUPIED, office building, greater seattle area)
1. Banks
2. Commercial lenders
3. Hard money lenders
I spoke to someone from Visiolending https://www.visiolending.com/about-us. They had decent products (~5% for 5/1 arm at 30 year term) but very high pre payment penalty which gets triggered by even small early payments.
Appreciate any insights and references.
Thanks
G
(someone from