Can anyone give me some recommendations of investor friendly banks in the Columbus area? Additionally, if you're recommending banks you've worked with in the past, did you fund a rehab of the property through them as well or not?
Real Estate Agent · Columbus, OH · Member since 2021 · 98 posts · 101 votes
4y
@Mike Pauze It all depends on what kind of financing you're doing. I mostly deal with cash/hard money/private lenders/etc. The rates are pretty decent if your going for a flip or finding and investment property. Columbus really has it all when it comes to investing in any type of real estate. It all just depends on what your end goal is. Feel free to reach out to me. Either way, Happy Investing!
Can anyone give me some recommendations of investor friendly banks in the Columbus area? Additionally, if you're recommending banks you've worked with in the past, did you fund a rehab of the property through them as well or not?
Yes, I can refer you to some banks in Columbus, Ohio. I have a comprehensive list of them.
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
4y
There's a lot of lenders who work in Columbus. Some will fund 100% of the rehab cost and about 80-90% of the price but that will be on shorter term loans ~ 12 months with 8-12% interest. Some larger commercial lenders on 4+ unit deals will fund rehabs but they are more relationship driven.
Real Estate Agent · Columbus, OH · Member since 2021 · 98 posts · 101 votes
4y
@Mike Pauze It all depends on what kind of financing you're doing. I mostly deal with cash/hard money/private lenders/etc. The rates are pretty decent if your going for a flip or finding and investment property. Columbus really has it all when it comes to investing in any type of real estate. It all just depends on what your end goal is. Feel free to reach out to me. Either way, Happy Investing!