New commercial loan in Wisconsin
Hello BiggerPockets community. I'm looking to purchase a property in Eau Claire Wisconsin and I need to go commercial because of some specific issues in the property that will not allow it to get a secondary market loan. Are there any investors I'm here from the Eau Claire area I'm looking for a local bank or any bank for that matter that excels in commercial loans and has great rates and terms.
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None of my go to's are there, but there is no reason you need a bank where the property is, or you need to set appointments and go shopping for your loan. If there is someone you already work with, be sure to ask them first. Someone mentioned Associated, Be Careful, Associated screwed a lot of people when they needed a bunch of commercial off their books, around 2011 or so, the didnt renew, and didnt give adequate time for many of their customers to find alternate funding, I was a listing broker for their REO's at the time and even the Asset Managers said it was pretty crappy what they did. doesnt mean they will again, but be cautious.