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Updated about 6 years ago on . Most recent reply
Multi-Family Out of State Lending- Referrals, suggestions, advice
As mentioned in a previous post, we are looking to purchase a Multi-Family property out of state in a new market. We are looking to branch out to a new market as Seattle seems to be getting more and more difficult for numbers to pencil out. We have a great track record for previous multi-family projects (45 syndication projects) but this will be our first out of state deal. Looking for any good lender recommendations. So far all we have found for lending is 60% LTV, if even that. Appreciate any advice or suggestions!
Thanks in advance!
Best,
Natalie
Most Popular Reply
ah ha @Natalie Wells! Your out of state deals are likely too small for most lenders. May want to go big or go home! ;)
- Ivan Barratt