Commercial Lender Cleveland Oh area

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Commercial Lender Cleveland Oh area

Chris RhodesPro Member
Investor · Phoenix, AZ · Member since 2017 · 13 posts · 11 votes

I'm looking for a commercial lender in Cleveland, OH. Tenant in place.

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    11mo
    Quote from @Chris Rhodes:

    I'm looking for a commercial lender in Cleveland, OH. Tenant in place.

     Hey @Chris Rhodes. Sounds like this is a single tenant commercial property, is that right?

    [email protected]
    0Reply
  • Chris RhodesPro Member
    OP
    Investor · Phoenix, AZ · Member since 2017 · 13 posts · 11 votes
    11mo

    Yes

    0Reply
  • Chris RhodesPro Member
    OP
    Investor · Phoenix, AZ · Member since 2017 · 13 posts · 11 votes
    11mo

    It looks like it is a franchisee owner of a large auto part company, 300+ locations. Current rent is $3410.06

    0Reply
    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
      11mo
      Quote from @Chris Rhodes:

      It looks like it is a franchisee owner of a large auto part company, 300+ locations. Current rent is $3410.06

      Got it! Thanks. @Chris Rhodes Assuming that is the monthly rent, I'd ballpark the appraised value at under $500k. Assuming that tracks, this sounds like more of a community bank or credit union deal. Are you open to an intro to such a banker?

      [email protected]
      0Reply
  • Chris RhodesPro Member
    OP
    Investor · Phoenix, AZ · Member since 2017 · 13 posts · 11 votes
    11mo

    Sure if you have one you like, I reached out to Farmer's National in Ohio. 

    0Reply
    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
      11mo
      Quote from @Chris Rhodes:

      Sure if you have one you like, I reached out to Farmer's National in Ohio. 

       @Chris Rhodes You might check with Leslie Biskner with Cooperative Business Services. She knows CRE lending very well and if she can't help you, she knows a lot of commercial bankers in Cleveland. I'll send you her email via DM.

      [email protected]
      0Reply
  • Chris RhodesPro Member
    OP
    Investor · Phoenix, AZ · Member since 2017 · 13 posts · 11 votes
    11mo

    Thank you, much appreciated!

    0Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    11mo

    Hey Chris, happy to share some lending referrals with you.

    [email protected]614-662-1652
    Reafco - Samuel Diouf528 Reviews
    WebsiteView Page
    0Reply
  • Jona Marzan
    Virtual Assistant · Member since 2025 · 27 posts · 3 votes
    11mo

    We offer commercial loans. Kindly send me a message via email linked to my profile. Thank you! 

    0Reply
  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    11mo

    @Chris Rhodes - Is this NNN? We finance net-leased properties. Typically, you'll need 30-35% down in order for the dscr to work - minimum 1.3x. Sometimes higher.

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