Looking for Mortgage Servicing Company that will handle small client

Rental Property Investor · Pittsburgh, PA · Member since 2019 · 530 posts · 511 votes

I am looking to sell one of my commercial properties to the tenant on a private note. No issues with this per se as I have done this on residential a couple times. One thing I would like to do since this is a commercial tenant is to have a loan processor in place handling escrow for taxes and insurance and collecting payments. Does anyone have a mortgage servicing company that would work with a single note private seller? Unfortunately my lawyer and realtor don't have anyone on their teams that fill this roll.

0 Reply

120 views

6 Replies

Jump to latestLatest

Sort by

Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
1y
What state?
We use madison management services out of reno
7e investments53 Reviews
Website View Page
0 Reply
- David Lee Hall, III
  OP
  Rental Property Investor · Pittsburgh, PA · Member since 2019 · 530 posts · 511 votes
  1y
  Quote from @Chris Seveney:
  
  What state?
  We use madison management services out of reno
  
  Property is in WV
  0 Reply
Andrew PostellPro Member
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
1y
@David Lee Hall, III thanks for the post. I would highly recommend getting on a local level to get this answer. I mean, we use August REI here in Texas...but can they even do PA? Dunno. There website is HERE if you want to check them out. But again, I would still recommend going local. So, how do we find some local recommendations? Several ways.
Let's try some local real estate meetup groups. Meetup.com is a good resource for ones that meet in person but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. Those you don't HAVE to meet in person. Some of those PA facebook groups have tens of thousands of members. The priority is consistent recommendations from active investors. Oh, eventbrite too if you like meeting people in person. But post locally for this. That’s the best bet.
0 Reply
- David Lee Hall, III
  OP
  Rental Property Investor · Pittsburgh, PA · Member since 2019 · 530 posts · 511 votes
  1y
  Quote from @Andrew Postell:
  
  @David Lee Hall, III thanks for the post. I would highly recommend getting on a local level to get this answer. I mean, we use August REI here in Texas...but can they even do PA? Dunno. There website is HERE if you want to check them out. But again, I would still recommend going local. So, how do we find some local recommendations? Several ways.
  Let's try some local real estate meetup groups. Meetup.com is a good resource for ones that meet in person but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. Those you don't HAVE to meet in person. Some of those PA facebook groups have tens of thousands of members. The priority is consistent recommendations from active investors. Oh, eventbrite too if you like meeting people in person. But post locally for this. That’s the best bet.
  Thanks, I actually posted on my REIA board before BP, but it has been crickets so far.
  0 Reply
Peter Halliday
Rental Property Investor · Arlington Heights, IL · Member since 2017 · 243 posts · 108 votes
1y
I second Madison Management. Another option that's cheaper but a lot less frills is Allied Loan Servicing.
0 Reply
Dan DeppenBusiness Member
Erie, CO · Member since 2017 · 274 posts · 267 votes
1y
I use Madison Management, FCI, Allied, and Note Servicing Center. I don't know if any of them do commercial notes though so you'd have to ask them.
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.