What kind of financing can you guy get for a commercial retail strip center at this time?
I have one commercial strip center under contract and have a couple of quotes on financing terms but not sure what else out there and if I am getting a good term.
Also is it good to go with local lender or National lender?
Check with Kevin Sellers on here. Been in banking for decades. What might work depends on a ton of factors with the property itself, tenant base, location, when leases are coming due, current occupancy levels, etc.
Local lender. Get a strong local broker to rep the vacancies too.
Financing can be up to 70/75% LTV depending on the property location and details - primary, secondary market, FICO, etc.