Commercial loans for Residential in St. Louis Missouri?
Hi All!
First off, thank you everyone for the sound advice over the years, and all your help!
So, I had a lender in St. Louis, MO, who would do commercial loans for residential housing (25% down, 4.5%, 20 year fixed), but they have been bought by a bigger bank that does not do those kinds of loans anymore for out of state investors such as myself.
So, to continue my real estate empire, it looks like I'll be forced to use a different lender. Anyone know of any solid lenders that meet that criteria? If so, let me know, I'd greatly appreciate it!
As a side note, within the next year or two, I will be looking at 5+ unit apartment buildings, and I'd prefer to not to have to make that leap prematurely, but will if I have to. :) I'm selling my existing rental here in Vancouver, Wa., which will give me plenty of cash to buy such a place, but would like to stick to SFH for the foreseeable future.
Travis