Skip to content
Classifieds

User Stats

5
Posts
0
Votes
Rajeev Samuel
Pro Member
  • New to Real Estate
  • Northwest Arkansas
0
Votes |
5
Posts

Commercial lender recommendations for a duplex

Rajeev Samuel
Pro Member
  • New to Real Estate
  • Northwest Arkansas
Posted Dec 15 2022, 14:37

Hey guys. Just got an offer accepted on a duplex that I am planning on using for STRs. Offer is 175K with about 60K in rehab. Unfortunately after this, I will not be much below ARV at all, but the cash flow should be great. I'm considering a commercial loan for the purpose of getting some of the rehab expenses covered. Any recommendations on lenders or options I should consider? ideally I'm looking at longer amortization schedules like a 5 year/balloon 25 year amortization to keep my monthly payment lower as well.

Thanks in advance!