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Updated over 7 years ago on . Most recent reply

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29
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10
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Beau Ordemann
  • Investor
  • Baltimore, MD
10
Votes |
29
Posts

SFH Commercial Lending Research in Baltimore

Beau Ordemann
  • Investor
  • Baltimore, MD
Posted

Looking for advice on what to expect for commercial loans in Baltimore (or in general) and any recommendations for local banks or credit unions.

We have just about maxed out on conventional loans and will be entering the commercial lending realm. I've met with a local bank (in Canton), and the terms they offered were 5% rate (variable), 10 year term, 20 year amortization. They will lend 70-75% (70-75 LTV).

Curious if there are better options out there and any good portfolio loan bank / credit union recommendations.

Thanks everyone!

Most Popular Reply

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142
Posts
75
Votes
Nicole B.
  • Real Estate Agent
  • Baltimore, MD
75
Votes |
142
Posts
Nicole B.
  • Real Estate Agent
  • Baltimore, MD
Replied

There are always lenders at local networking events for investors (BWI meetup, Caza, etc).  Maybe start there?

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