Local credit union financing.

I am in the early stages of a 203k purchase/investment in Jersey City or Union City, New Jersey (NJ).

Union rates are almost 40 with full benefits.., hope this helps ....Tim

I love credit unions. 

A bank, or credit union, or anyone issuing a mortgage, can earn 5% interest from treasury bonds, or a money market account.

(Mobile, Al) The two banks I tried to see what the numbers would be regarding a cash-out refinance, they only do 75% of the purchase price + construction cost and not 75% of appraised value that I’m used to.I did try a DSCR refi, and after several paperwork being submitted, credit score ran, appraisal bought, only to have my numbers change before signing the docs for closing-so that was a dud.My question, who do you know that’s a reputable Union or bank that’s doing at least 75% of appraised value?

I work with a ton of developers and investors in NJ, specifically northern NJ (Bergen, Hudson, Essex, Middlesex, Union county).

I am in the middle of getting a loan with a small credit union in my area, and recently rates dropped and I asked my lender what the rate was now and he said it was the same for my deal.

Preferably a local bank or credit union in the SE FL area that is friendly to real estate investors.

@Ben Russell - Try the local credit unions like ENT, Bellco, or Canvas