Commercial lending in Georgia

[Thomas Hart]

Does anyone have a referral for a good commercial lender in Georgia for multi family?

[Joel Owens]

Thomas it all depends on what you are talking about size wise and if you want a full recourse or non-recourse loan.

Also if the property is a value add type deal or fully stabilized. You being in California it would not be wise to buy a C type property even if stabilized. Most local banks do not like to lend to outside investors and want "boots on the ground" as they call it.

Not impossible but what expectations do you have for a loan? Amortization, amount down, recourse vs non, pre-pay penalty, length of loan term, fixed rate for how long, etc.