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Updated over 4 years ago on . Most recent reply
How to get a commercial loan post covid.
I am looking to purchase an 8plex but I cannot find a lender to do a commercial loan. I live in California and am investing in IL. I have tried local banks as well as Wells/Chase/etc but cannot find anyone that will lend to me right now.
Thoughts?
Thanks!
Justin
Most Popular Reply
Greg Dickerson
#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
We are no where near post Covid. We are still in the thick of it. Depending on price point there are agency lenders that do small balance Lyons starting at 750 K otherwise you will have to qualify with a local or regional lender. Find out why they will not do the loan and make sure you have supplied all the proper information and have the financial ability to qualify