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All Forum Posts by: Nick L.

Nick L. has started 5 posts and replied 39 times.

Post: CPA Referral in Chicago

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9

I have been a Chicago CPA / accounting firm called Tavola Group for several years now for a portfolio of 15 properties. The are an all encompassing firm who does my taxes, payroll, and tax planning/ strategizing. I have been very happy with them and highly recommend them. Send me a DM and I will provide you with my contact. 

Post: Good commercial lenders recommendations for the Chicago market?

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9

I have been using Marquette Bank for a while. They are local , knowledgeable, easy to work with, and have good rates. I would highly recommend contacting them. If you want me contact send me a DM.

Post: App Based Laundry Machines

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9

@John Daniels Did you end up going with Shinepay? Any feedback if you did?

Post: Mixed used commercial and multifamily building insurance providers + umbrella insuran

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9

@Jacob Koshy - Keith Murphy @ 235 Insurance

Post: Mixed-Use / commercial buildings & brokers

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9

@Erin M. - @John Warren gave great advice. I would recommend doing the same. 

Post: Who is your go to lender for 5+ Unit buildings in Chicago?

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9
Quote from @Jonathan Klemm:

Hey @Nick L. - You already received a bunch of good information above Chicago lenders, but I did see you mention looking for a lender that I can do 80% LTV. I've worked with First Federal Savings bank and they can do 80% another solid bank would be Republic Bank. I am happy to connect you both banks, just shoot me a PM and I can make an intro.

@Jonathan Klemm Sending PM

Post: Who is your go to lender for 5+ Unit buildings in Chicago?

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9
Quote from @Kane Connell:
Quote from @John Warren:

@Nick L. I work with three lenders right now. One is a local bridge/hard money lender, one is a local bank that is good for the western suburbs only pretty much, and the other is Walker and Dunlop which is awesome if you want to use agency debt. I also have the one northside partnership where we used Albany Park bank which has been a great experience for a construction loan.

@Jason Schwartz may have another good lender or two. Liberty Bank? 


 Liberty Bank is good.  I worked there for many years.  I can get you in contact with the guy who runs the investment property if interested - feel free to message me.

 @Kane Connell I sent you a message. Thanks

Post: Who is your go to lender for 5+ Unit buildings in Chicago?

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9
Quote from @Mark Ainley:

@Nick L. I always like to compare the banks to Renovo so let me know if you want an introduction to Eric Workman there.  Also we have been exploring credit unions on the commercial side and they seem to have a lot of cash to lend right now.  

@Mark Ainley I will reach out ! Thanks for the recommendation.

Also you and Tom have a great podcast!

Post: Who is your go to lender for 5+ Unit buildings in Chicago?

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9
Quote from @John Warren:

@Nick L. I work with three lenders right now. One is a local bridge/hard money lender, one is a local bank that is good for the western suburbs only pretty much, and the other is Walker and Dunlop which is awesome if you want to use agency debt. I also have the one northside partnership where we used Albany Park bank which has been a great experience for a construction loan.

@Jason Schwartz may have another good lender or two. Liberty Bank? 

 @John Warren I have not yet dealt with agency debt in a deal yet. I would certainly consider it. Do you have a contact at Walker & Dunlop?

Post: Who is your go to lender for 5+ Unit buildings in Chicago?

Nick L.Posted
  • Real Estate Investor
  • Chicago, IL
  • Posts 42
  • Votes 9

@John Warren Thank you for sending that over!

Ideally I was looking to find another local Chicagoland bank or credit union who operated similar to Royal Saving bank. I liked being able to talk to one person directly who was a decision maker and did what they said they were going to do. I now have that at Marquette Bank, and they are excellent to work with. However, I am starting to look at larger 5+ units deals where the 5% higher LTV could make a big difference in down payment required.

@John Warren have you worked with any of the capitals groups or commercial mortgage brokers in Chicago? How was your experience ?