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Updated over 6 years ago on . Most recent reply

User Stats

184
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48
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Robert Lindsley
  • Real Estate Investor
  • Orlando, FL
48
Votes |
184
Posts

Looking for loan broker

Robert Lindsley
  • Real Estate Investor
  • Orlando, FL
Posted

Hi there!

I own a 24-unit property in Central Florida near Orlando.  Most of the units are weekly rentals with the remainder being monthly.

The building is financed with a private-lender at 11% and I'm looking to get regular financing to bring my interest rate down and establish a long-term repayment plan.

The bank I'm working with now is slower than molasses getting the refi in place and I'm hoping there's a loan broker out there that can help things move a little faster.

If you are (or know of) a good loan broker can you let me know?  I'd love to start a relationship with them to get this and future buildings financed.

Thanks!
Robert.

  • Robert Lindsley
  • Most Popular Reply

    User Stats

    103
    Posts
    65
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    Ronald Isgate
    • Attorney
    • Doylestown, PA
    65
    Votes |
    103
    Posts
    Ronald Isgate
    • Attorney
    • Doylestown, PA
    Replied

    Robert - you absolutely need to get out of that higher interest rate loan if you are going to keep it long term.  Commercial loans in general are alot slower, but of course that is all relative.  We work with alot of lenders that tend to move the needle alot quicker than your normal bank, and have market rates.  Feel free to shoot me an email or pm - would love to chat with you to see if we could help you out.  

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