I wanted to ask if anybody knew of a commercial lender in the KC area for multifamily 5+ units (not hard money lenders please). I've contacted a few lenders, but have had no luck yet, so any recommendations would be great! Also, I would be out-of-state, so not sure if the lender you recommend would care or not, but I have noticed that many banks will not lend to someone who is not local. Feel free to pm me or reply directly back onto here. Thanks again my fellow bp community.
Mc Gregor, TX · Member since 2018 · 41 posts · 35 votes
6y
Hi, we used Kent Peterson at Hawthorne Bank. We live in Texas and they were fine with out of state. We purchased a 6 plex about a year ago. We did have to do a write up about our plan to improve the property. Plus a financial statement. I'll send you a message because it won't allow me to leave his number. If you have any other questions, let me know!
Mc Gregor, TX · Member since 2018 · 41 posts · 35 votes
6y
Hi, we used Kent Peterson at Hawthorne Bank. We live in Texas and they were fine with out of state. We purchased a 6 plex about a year ago. We did have to do a write up about our plan to improve the property. Plus a financial statement. I'll send you a message because it won't allow me to leave his number. If you have any other questions, let me know!
Hi, we used Kent Peterson at Hawthorne Bank. We live in Texas and they were fine with out of state. We purchased a 6 plex about a year ago. We did have to do a write up about our plan to improve the property. Plus a financial statement. I'll send you a message because it won't allow me to leave his number. If you have any other questions, let me know!
Yes, I have reached out to them, so I hope to hear back by tomorrow. Thanks again for your feedback :D
Architecture drafter · Kansas city, MO · Member since 2018 · 59 posts · 24 votes
4y
@Laura Williams Central bank of midwest does commercial loan, I am going through them now with a small commercial building in St Joe converting into small multi family. I can let you know how it goes, and I hear community bank does commercial loans.