Looking for commercial realtor and lender to move forward.

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Looking for commercial realtor and lender to move forward.

Alex Moazeni
Rental Property Investor · Dallas · Member since 2021 · 84 posts · 22 votes

Hi BP

After almost 10 years of experience in owning 4plexes and single family rentals,I am trying to keep moving forward and building my realtor and lender team In commercial (apartment complex).

I have my team on the 4plex and single family, but they are not experts on commercial field.

Any recommendations are greatly appreciated.

By the way I am already maxed out for getting residential loans and trying to keep moving forward as commercial real estate investment.

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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
2y

You probably want to say where you are looking to purchase 

[email protected]301-893-4635Podcast Guest on Show #192
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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    2y

    You probably want to say where you are looking to purchase 

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group545 Reviews
    WebsiteView Page
    2Reply
  • Alex Moazeni
    OP
    Rental Property Investor · Dallas · Member since 2021 · 84 posts · 22 votes
    2y

    @Russell Brazil i am always investing where I live.

    In dfw areas.

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Alex Moazeni:

    Hi BP

    After almost 10 years of experience in owning 4plexes and single family rentals,I am trying to keep moving forward and building my realtor and lender team In commercial (apartment complex).

    I have my team on the 4plex and single family, but they are not experts on commercial field.

    Any recommendations are greatly appreciated.

    By the way I am already maxed out for getting residential loans and trying to keep moving forward as commercial real estate investment.


    Most multi family commercial lenders will want to see that you are an experienced owning 5+ units or a significant amount of 1-4 Units (typically 4 or more). Lenders may also want to see that your net worth is equal or greater than your loan amount request. Depending on the program type, lenders will also want to see a global cash flow of 1.20 or greater and a property DSCR of 1.25 or greater.

    When it comes to CRE lending, there is a lot of grey area, and various financial institutions that have varying credit guidelines. The above is just a rough idea of what most lenders will want to see to lend to you. You may want to work with a commercial mortgage broker, if this is your first time navigating this space.

    [email protected]818-269-7983
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  • Henry ClarkPro Member
    Developer · Member since 2020 · 4k+ posts · 4k+ votes
    2y

    OP.  Your current lending institution will be your best bet since you have a track record with them.  Ask them to introduce you to their Commercial lending group.  If not, reach out to Frost bank, ask for a local Commercial lending officer, although I don't like large banks.  Personnel tends to shift to often.

    As far as realtors in the DFW area, decide on your Commercial investment type and just drive around the neighborhood or look at Loopnet and see who has the most listings of both your type of investment and in your investment area.

    1Reply
  • Alex Moazeni
    OP
    Rental Property Investor · Dallas · Member since 2021 · 84 posts · 22 votes
    2y

    @Henry Clark thanks for the info

    0Reply
  • Anderson S.Business Member
    Lender · Brooklyn, NY · Member since 2024 · 209 posts · 50 votes
    2y
    Quote from @Alex Moazeni:

    Hi BP

    After almost 10 years of experience in owning 4plexes and single family rentals,I am trying to keep moving forward and building my realtor and lender team In commercial (apartment complex).

    I have my team on the 4plex and single family, but they are not experts on commercial field.

    Any recommendations are greatly appreciated.

    By the way I am already maxed out for getting residential loans and trying to keep moving forward as commercial real estate investment.


    Hi Alex,

    Let's chat, your situation seems very unique, but I think we might be able to help you or at the very least be able to point you in the right direction.

    [email protected]917-830-7144
    Brooklyn Funding Group59 Reviews
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    1Reply
  • Alex Moazeni
    OP
    Rental Property Investor · Dallas · Member since 2021 · 84 posts · 22 votes
    2y

    @Anderson S. Thank you.

    Yes we will

    0Reply
  • Brandon Croucier
    Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes
    2y

    Hi Alex, I'm in the DFW area myself, would love to connect & see if I can help you out.

    0Reply
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