Who Are the Quality Commercial Lenders in Virginia?
BP Family,
We're looking to form a long-term relationship with a commercial lender who can finance our multi-family purchases.
We are syndicating deals with a pool of 5-10 investors and are looking at several 20-50 unit buildings for a value-add play.
I'd appreciate any references on investor friendly commercial lenders.
I look forward to hearing from everyone.
Hi Brooks, I can recommend Union Bank and Trust. I am in Fredericksburg and I know they are in the Richmond area as well but not sure if they have reached the Williamsburg market yet. They are a fairly large regional bank with local decision makers. I have used them for commercial property loans and have done a number of portfolio loans for single families with them. You might check them out. Best wishes!
@Robb Almy. Thank you. I will certainly check them out.
Done a couple through union and also recommend. It depends on your area though, smaller banks are the best but they only operate in smaller areas