Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Looking for Commercial Lenders
Hello
I am looking into getting started with CRE, the asset classes I am interested in are Industrial (e.g., warehouses, data centers, manufacturing buildings, or self-storage) and Special purpose (e.g.medical offices, pharmacy, hotel lodging, or health care).
I sat down with an agent from Marcus and Millichamp to discuss how much we had for down payment 125K with that they recommended properties 416k-625k probably would be a single tenant, a 3000 sq ft building with a cap rate of 6%-8%.
I am only familiar with purchasing with for a residential properties 4 units or less. I have been reading through as many CRE posts on BP, listening to podcasts and videos. I am learning CRE is mainly about relationships paired with creative financing.
My questions are
1) which commercial lenders would you suggest for me to start working with
2) are these numbers I was quoted pretty standard
Thank you for any feedback