Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Matthew Rosenthal
  • Walnut Creek, CA
7
Votes |
21
Posts

How to find commercial MFA mortgage brokers - cross state lines?

Matthew Rosenthal
  • Walnut Creek, CA
Posted

Hi All,

I'm in contract on a building and looking to find a broker - please do not contact me directly or post contact information here.  I'm just wondering how can i search and find brokers that can help me in my semi-unique criteria.

criteria - I am out of state from the property and it is a MFA.  property is located in chicagoland and I am in northern california.

What kind of mortgage brokers support this?

Thanks

Most Popular Reply

User Stats

42
Posts
26
Votes
Tom Keating
  • Lender
  • Chicago, IL
26
Votes |
42
Posts
Tom Keating
  • Lender
  • Chicago, IL
Replied

@Matthew Rosenthal I am a little biased seeing that I am a multifamily mortgage broker at CBRE in Chicago, but I would suggest looking for someone at one of the top shops who specializes in multifamily and works for one of the Freddie Mac SBL licensed preferred lenders. That will save you some money on broker fees if you end up going with a Freddie SBL loan. You can find the list of Freddie SBL preferred lenders on their website. If your property fits in the guidelines for the SBL program I would highly suggest looking into it or talking with whom you decide to work with about the program.  It a very compelling program in terms of benefits.  PM me if you would like to discuss any further.

Loading replies...