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Updated over 11 years ago on . Most recent reply

User Stats

85
Posts
13
Votes
Jake Kozul
  • Real Estate Investor
  • Grand Rapids, MI
13
Votes |
85
Posts

Michigan Bank Recommendation

Jake Kozul
  • Real Estate Investor
  • Grand Rapids, MI
Posted

I am looking for a good regional or small bank or credit union that offers good terms and products for investors in Michigan. I have a good amount of collateral, experiance and can bring in 25-50k cash to open accounts. I have bootstrapped it thus far, but would like to have some financial backing as I grow. Being in banking myself, I know most banks I deal with are not interested in lending to real estate investors at this time. Does anyone know of a bank that is "investor friendly" or have any individual bankers they would recommend? 

Thanks

Most Popular Reply

User Stats

99
Posts
21
Votes
Thomas Blaine
  • Rental Property Investor
  • Commerce Township, MI
21
Votes |
99
Posts
Thomas Blaine
  • Rental Property Investor
  • Commerce Township, MI
Replied

Community Choice Credit Union has been good for me for 30 Year Conforming mortgages.  I also just did a Commercial loan with Lake Trust Credit Union.   Good People.   Give them both a call.  

Gregg Khoury in Residential Lending at Community Choice. 

Ken Michalak Commercial Lending Manager

Lake Trust Credit Union | 7927 Nemco Way | Brighton, MI 48116

Direct Line 517.267.7306 | Fax 810.229.3125

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