Looking for Commercial lenders

Raleigh, North Carolina
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Looking for Commercial lenders

Ambica Pilli
Rental Property Investor · NC · Member since 2024 · 21 posts · 6 votes

Looking for commercial lenders as I'm shopping around for reasonable lending terms to invest in apartment complexes with 50-100 units.  Anyone here know a trustworthy contact, please share. 

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y

    Hi @Ambica Pilli, welcome to the BP Forum! Are you looking to build new complexes that large in Raleigh or buy an existing property (or properties)?

    [email protected]
    0Reply
  • Brandon Croucier
    Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes
    1y

    Commercial multifamily like this is significantly dependant on experience, how long have you been owning and managing commercial multifamily?

    0Reply
  • Givo Aghasi
    Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes
    1y

    Hi @Ambica Pilli We can typically go up to 75% LTV and allow for up to 90% CLTV for multifamily. Property must be 70% occupied and 1+ DSCR. We can consider negative DSCR but need comp factor like experience and reserves. This would be a 30-year fixed loan with no balloon. I would love to provide a conditional term sheet, lets connect!

    0Reply
  • Ambica Pilli
    OP
    Rental Property Investor · NC · Member since 2024 · 21 posts · 6 votes
    1y

    Looking to acquire existing ones

    0Reply
  • Ambica Pilli
    OP
    Rental Property Investor · NC · Member since 2024 · 21 posts · 6 votes
    1y

    Brandon, 

    Have been investing in RE since 2011 and have experience managing smaller 10 units+ buildings. Looking to expand our portfolio with bigger complexes.

    0Reply
  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Ambica Pilli:

    Brandon, 

    Have been investing in RE since 2011 and have experience managing smaller 10 units+ buildings. Looking to expand our portfolio with bigger complexes.

     @Ambica Pilli Are there any 50+ units in Raleigh? I couldn't' find any. Are you looking at other markets?

    [email protected]
    0Reply
  • Ambica Pilli
    OP
    Rental Property Investor · NC · Member since 2024 · 21 posts · 6 votes
    1y

    Acquire existing property vintage 1970 and after.

    0Reply
  • Ashley C.
    International · Member since 2023 · 120 posts · 20 votes
    1y

    This could be something that we might be interested in. Send me a message, please and we can talk about it.

    0Reply
  • Judah Zuckerman
    Member since 2025 · 56 posts · 4 votes
    1y

     we are direct lenders specializing in

    Small Balance Bridge loans $1-$10 MM up to 80%ltc 

    please reach out if you have anything that fits into our bucket

    0Reply
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