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Updated about 2 years ago on . Most recent reply

Ryan Bakerian's profile image
Ryan Bakerian's profile image
Ryan Bakerian
  • Real Estate Agent
  • from Albany, NY
  • Member since Mar 23, 2017
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User Stats

80
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26
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Ryan Bakerian's profile image
Ryan Bakerian's profile image
Ryan Bakerian
  • Real Estate Agent
  • from Albany, NY
  • Member since Mar 23, 2017
Connect
Ryan Bakerian
  • Real Estate Agent
  • Albany, NY
26
Votes |
80
Posts
Private Lending & Conventional Mortgage Advice

Looking for excellent NY Commercial Property Lender

Ryan Bakerian
  • Real Estate Agent
  • Albany, NY
Posted

Good Morning. I have a client that is looking for a commercial lender for a $400,000 apartment building (6 unit). We are looking at options for them for financing. It appears most of the traditional local banks here have $1M minimum requirements for borrowing. 


Has anyone used a rockstar lender lately they would like to suggest? Would a DSCR loan here make sense? Borrower has 15-25% down and 800 credit score. Maybe an SBA504 but I don't think they can be used for rental properties?

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