List of questions for an investor to ask a lender?

[John Anderson]

Hi all,

I'm a small-time real estate investor (4 properties, 8 units to-date) looking for a solid lender to build a relationship with.

Currently, I'm only looking at conventional lenders (trying to get up to the ten investment properties that Fannie/Freddie allow me to have). 

I'm trying to come up with a list of good questions to ask, but would love to leverage the knowledge of the BP community. I've listed a few "obvious" questions below, but feel free to add anything you might believe to be helpful!!

1. Rates

2. Closing costs

3. Time to Close

4. Minimum Loan Amount

[Devin Peterson]

a few more...

Documentation required (depends on deal)

recourse or non recourse

close in LLC and syndications

floating rate until appraisal is back or locked right away

pre pay penalty or early pay off

good luck! PM me for more questions if needed!