Central Florida Local Commercial Bank

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Christian PaezPro Member
Rental Property Investor · Lakeland, FL · Member since 2015 · 51 posts · 40 votes
7y

@Alex Olmo try Wesley Joyner at Pilot Bank in Lakeland, they do commercial loans, but you will have to have had the property for at least 6 months and they will do market value, just be aware that processing these types of loans take longer than your traditional residential loan, they are also investment friendly, they know how to deal with Land Trusts and Partnerships.

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  • Rental Property Investor · Plant City, FL · Member since 2015 · 1k+ posts · 379 votes
    7y

    @Alex Olmo What part of central FL?  Orlando where you're at or Polk County?  

  • Rental Property Investor · Orlando, FL · Member since 2017 · 207 posts · 125 votes
    7y

    @Alex Olmo CenterState Bank & Fairwinds Credit Union seem to like those types of projects.

  • Specialist · Orlando, FL · Member since 2017 · 127 posts · 38 votes
    7y

    @Adrian Smude

    I’m located in Orlando, the MF property is located in Lakeland.

  • Specialist · Orlando, FL · Member since 2017 · 127 posts · 38 votes
    7y

    @Shawn G. We’ve tried CenterState & fair winds. Both would only loan on total cost to renovate, not market value

  • Christian PaezPro Member
    Rental Property Investor · Lakeland, FL · Member since 2015 · 51 posts · 40 votes
    7y

    @Alex Olmo try Wesley Joyner at Pilot Bank in Lakeland, they do commercial loans, but you will have to have had the property for at least 6 months and they will do market value, just be aware that processing these types of loans take longer than your traditional residential loan, they are also investment friendly, they know how to deal with Land Trusts and Partnerships.

  • Specialist · Orlando, FL · Member since 2017 · 127 posts · 38 votes
    7y

    @Christian Paez thank you!

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