Hey there all,
I currently do some investing in Columbus OH, and am looking at the MN market, among others.
It seems like the majority of commercial lenders have a $1M minimum. Any advice when seeking a loan less then that (properties I'm looking at are about 450 to 800k)?
Talk to local lenders. If you need some in MN I’ve got a few for ya.
The larger banks also do those loans. I’m doing an $800k loan for a property in Louisville right now through US Bank.