Rental Property Investor · Chicago and mainly invests in KS remotely · Member since 2018 · 360 posts · 314 votes
Hi guys,
I'm planning on a BRRRR project in Wichita, KS area, and would really appreciate it if someone can refer some banks or a commercial bankers that I can speak to regarding refinance.
I’d look into Fidelity, Equity Bank, Intrust and/or Emprise. These are some of our larger but still smaller community banks (with portfolio lenders). I’m sure I’m missing other great options. Credit Union of America in downtown Wichita has a commercial guy downtown that is busy but super knowledgeable. They might be worth a look too. They had good rates and longer term options than what I saw from other commercial lenders (though I’m an all cash guy myself on single family and small multifamily deals, so I haven’t looked around much).
I’d look into Fidelity, Equity Bank, Intrust and/or Emprise. These are some of our larger but still smaller community banks (with portfolio lenders). I’m sure I’m missing other great options. Credit Union of America in downtown Wichita has a commercial guy downtown that is busy but super knowledgeable. They might be worth a look too. They had good rates and longer term options than what I saw from other commercial lenders (though I’m an all cash guy myself on single family and small multifamily deals, so I haven’t looked around much).
I would definitely check out Heartland Credit Union, ask for James Hoffman. He is used to creative deals, doesnt have a seasoning period and offers a variable interest (fixed for 10 years), 20 year amortization loan. Send me a DM if you want his direct number!