Local lenders- Albany, NY

[Jamie Brayton]

Things are moving quickly for us. I recently joined BP and we closed on our first all cash deal and have a second in the works. The advice from this forum has been invaluable. We have been (pre) pre-approved by a big bank at 25% down, 4.5% interest. I've been self-employed for nearly 2 years, but until I reach the 2 year mark most banks won't look at my income. We want to prepare ourselves in case underwriting won't approve us (there is a real possibility this will happen), and want to make sure we are getting the best deal (ideally, we would like to put less down). Can anyone local(ish) recommend some lenders they have had good luck with? I started with bigger national banks to get some practice requesting financing, and I'm running down my google search results now. I'd love to narrow my search.

[Sebastian Naczas]

Jamie ... try Trustco or Kinderhook Bank ... they keep the loans (instead of selling them like all the bigger banks), maybe you can persuade them :)

Don't forget about hard money if the deal is really that good.