How do you source investor-friendly backend financing

Question

How do you source investor-friendly local backend lender for refinancing or financing when investing remotely?

Jack Tulloch · Answer

Most investor friendly lenders lend in the majority of the US. If you are looking specially for a local lender then a credit union or community bank will be your best bet.

Not all local banks/credit unions will be very knowledgeable in the investment space so will need to call around to find a good fit.

Axel Norvell · Answer

Do a Google search for "DSCR Lenders".

There you will find lenders who lend on the performance of the investment property instead of conventional loans based entirely on appraised values.

Stephanie P. · Answer

Not sure you need anything "local" since most loans get sold on the secondary market unless they're private.  You need a good broker that can put your end financing with the right lender. Some have longer seasoning periods than other while some have reserve requirements that may or may not be easily met.  Your broker will put you in the right loan vehicle when the property is ready.

Caleb Hommel · Answer

Hey Syed! I invest completely remotely at this point! SO far the most friendly way I've found is through seller financing! Shoot me message and let's connect!

How do you source investor-friendly backend financing

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