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Private Lending & Conventional Mortgage Advice

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Steven Barr
  • Investor
  • Atlanta, GA
52
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157
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Out of State Lender - Commercial Multifamily

Steven Barr
  • Investor
  • Atlanta, GA
Posted Jan 27 2022, 15:32

Are you required to use an in-state lender for commercial multifamily RE? Or can you use an out-of-state lender?

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Ned Carey
Pro Member
  • Investor
  • Baltimore, MD
12,536
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16,284
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Ned Carey
Pro Member
  • Investor
  • Baltimore, MD
ModeratorReplied Jan 27 2022, 16:04

@Steven Barr yes you can use an out of state lender.

I am curious why you think otherwise.

User Stats

157
Posts
52
Votes
Steven Barr
  • Investor
  • Atlanta, GA
52
Votes |
157
Posts
Steven Barr
  • Investor
  • Atlanta, GA
Replied Jan 27 2022, 16:17

@Ned Carey I am new to RE investing and just trying to learn the ins and outs. Thanks for the reply!

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Jayson Cain
  • Lender
  • Manhattan Beach, CA
264
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423
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Jayson Cain
  • Lender
  • Manhattan Beach, CA
Replied Jan 27 2022, 16:24

+1 what @Ned Carey said. You are not limited to in-state lenders.