Memphis Real Estate Forum
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

looking for investor friendly bank, commercial loans on SFR
Anyone have one they like? We are from out of state and would like someone local to take out commercial loans on our SFR portfolio.
Most Popular Reply

Steven I am going through this right now. Here are my current findings:
Metropolitan
Landmark Community
Orion Federal Credit Union
And Angel Oak Bridge (actually in Georgia)
Are all good to talk to.
Then:
Paragon Bank
Tri State Bank of Memphis
First TN Bank
Suntrust
First South Bank
Community Bank Memphis
And Financial Federal Savings
All look like they might have programs- but have been flaky in communication. This could be an actual bad sign- or could be like a lot of the Memphis real estate community where they are just so inundated with out of state tire kickers that they just deprioritize out of state folks.
Lastly:
Pinacle
West TN Credit Union
City of Memphis Credit Union
LG&W Federal Credit Union
Independent Bank
Agility Financial
And F&M Bank
Are all some combination of private credit union, do not lend to out of state, only lend in small locales, don't do commercial, and so on...