Securing my first out-of-state commercial financing (5-unit MFH)

Securing my first out-of-state commercial financing (5-unit MFH)

Member since 2020 · 4 posts · 0 votes

Hi all,

I'm looking to secure my first commercial loan for a 5-unit property in Alabama but am having huge problems securing anything. Lenders are either non-responsive or refuse to work with out of state investors at the present time.


Has anyone else been experiencing a similar trend, and can anyone suggest a workaround for this?

Many thanks!

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  • Rental Property Investor · Modesto/Stockton/Merced, CA · Member since 2020 · 456 posts · 214 votes
    6y

    Keep the pressure! Call various lenders, one will budge if the numbers are good! 

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