Local Lenders and their Terms
Just wondering if anyone in Wisconsin around Appleton, Oshkosh, Green Bay, or FondduLac has a preferred lender/company that they like to use for the BRRRR strategy. Just starting my search to find some lenders who have great Terms and Rates. Always appreciate any referrals!
I was very happy with Jason Herbst at Johnson bank on Washington St. in Green Bay.
It was a pretty conventional loan 25% down for a multi family property. Rates are roughly 1% higher than the residential rates listed on their website for investment properties. They have a commercial banker who can help if you are under an LLC. My closing costs were about $1500.
I did a buy and hold and don't know much about the BRRRR as I'm no good at creative financing yet and don't have a lot of cash to work with... so this may not be what you are looking for.
Dan Gray
I lived in FDL for over 10 years, National Exchange always helped me out, but rates were a bit high, but it was easy to do deals, Horicon Bank does a lot with investors, as does Oakfield State Bank, Choice use to, not sure i they still do. Just a few to set appointments at. See the Commercial Banker, they will make it way easier.
I've been told that 'Steve Seward' from Oshkosh Associated Bank is great, hope that helps!