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Updated over 6 years ago on . Most recent reply

User Stats

40
Posts
23
Votes
Nicholas Alexander
  • Rental Property Investor
  • Charlotte, NC
23
Votes |
40
Posts

Best Lenders for REI (NC and GA)

Nicholas Alexander
  • Rental Property Investor
  • Charlotte, NC
Posted

Does anyone have recommendations for local lenders in NC and GA that regularly work with REI (residential and small commercial)?

I would much prefer to not work with the big banks and in my experience sometimes local lenders are not very sophisticated when it comes to non-cookie cutter conventional residential lending.

For instance I recently worked with a local NC lender on a subdivision and construction loan which incurred unnecessary delays and thousands in additional expense, not due to the economics of the deal, but rather the bank's ignorance of the law and considerations that arise in subdivision/recombination of a plat.

Go forward I would much prefer to work with lenders who are well versed in dealing with REI and avoid paying for the bank's learning curve and oversights. Thanks

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