Anyone know of local DC banks issuing portfolio loans in Washington DC? My partner and I work in commercial real estate development, but would like to branch out and execute our first fix and flip project. Since it would be the first project, hard money might be tough, but we have good relationships with locals contractors and both have solid income and credit.
Or...other recommendations on how we could finance the projects and some component of the "fix"?
I am confused as to what it is you are asking for a portfolio loan or a fix and flip. Please tag me what you need money amount for how long what the arv is and the amount of rehab and the cost of the property.
Hi Dylan, acquiring Hard Money for your first fix & flip won't be tough at all. We work with new investors, please reach out with any questions. I just sent you a PM.