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Updated over 4 years ago on . Most recent reply

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Chris Chris
  • Rental Property Investor
  • Seattle Metro
0
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4
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Business friendly banks in Seattle area?

Chris Chris
  • Rental Property Investor
  • Seattle Metro
Posted

Hi all,

What are some good local banks in Washington for getting commercial loans for financing commercial retail property purchase?

I primarily bank with Keybank. While my banker is very sweet and helpful, she gave lousy terms and rates, and stated that I have very high DTI and pretty much ineligible for any loan. (Eg: Last month, after she advised me that I won't be able to do a cash refi in my rental, another banker at Keybank gave me a pretty good deal and I'm currently doing a refinance).

I'm planning to look in to commercial retail properties, I'm afraid that I'd be hurting my chances with Keybank if i go through her (she had rejected a loan application last year also).

So my question is, what banks might be better, and offer the best chances, before actually applying for a loan?

Thanks!

Most Popular Reply

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793
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Aaron W.
  • Rental Property Investor
  • Northern Virginia
620
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793
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Aaron W.
  • Rental Property Investor
  • Northern Virginia
Replied

@Chris Chris With traditional banks, you are probably not going to get the best rates.  Have you tried to look for local credit unions? 

There are also other types of non-traditional lenders (banks) that could be a possibility. @Nghi Le

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