Local Lending Options

[Leslie Frieze]

Hi - Looking to connect and recommendations with some local lenders.  Working on my first fix and flip that cash funded but have a couple other pipeline deals that may require lending and outside of conventional lending looking to network and get my arms around options.  

What are the typical rates that you can get when putting down 25-50% of cash into the deal? Underwritten based on deal history, personal credit, etc? How quickly are you able to get funding? Possible to get contingent approval so able to move quickly when get a deal in hand?

[Chris T.]

@Leslie Frieze

@Michael Barbari and @Bob Green

Check out their profiles and send them PM.

I know of a small bank in the southwest suburbs that offers portfolio loan without seasoning. It is useful if you plan to implement the BRRRR strategy in the future, Send me a PM if you need that contact.

good luck!