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Updated 2 days ago on . Most recent reply

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Commercial Real Estate Investing

Finding a lender

Edward Joseph
Posted

I own a commercial property with a full time tenant in place. This was done as a cash purchase. The cash was from savings and a personal loan. I renovated the property following the purchase. I would like to take a first mortgage out in the property to repay the personal loan but I'm not sure where to turn for a lender. It's a rural area. Any advice would be greatly appreciated. 

Lexington-Fayette, Kentucky
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Chris Seveney
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Quote from @Edward Joseph:

I own a commercial property with a full time tenant in place. This was done as a cash purchase. The cash was from savings and a personal loan. I renovated the property following the purchase. I would like to take a first mortgage out in the property to repay the personal loan but I'm not sure where to turn for a lender. It's a rural area. Any advice would be greatly appreciated. 


 Go to your local bank - that is where I would start. 

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