Updated over 6 years ago on . Most recent reply
ISO Commercial Lender Referrals
I'm looking for commercial lender referrals for an 8-plex in Kansas City Missouri. This property is more challenging to find a lender because the purchase price is ~165k and most lenders have a minimum loan amount above that. The appraised value is currently ~198k and will be north of 250k after I complete a rehab and raise the rents.
If you know someone who lends on an 8-plex with this low of a mortgage value in Missouri for a >=5 year term then I thank you for your referral!
-Scott
Most Popular Reply
@Scott Hawley
Realized you said 64030 (Grandview) not 64130 (murder factory). So you should be able to get lending on an 8 unit there. I’d still try the 2 banks I mentioned first.