Updated over 8 years ago on . Most recent reply
Out of State Investor Commercial Financing Indianapolis
I just purchased a 5 unit multi-family in indianapolis for cash. I am now looking for commercial financing. This property has strong cash flow, I have great credit, etc. I have not run into any issues with the deal itself. The issue I am having is all lenders I speak to seem to have an issue with financing deals owned by out of state investors. Does anyone have any recommendations on who I can call? The purchase price is $170,000 and I am looking for whatever leverage I can get. I seem to be below a lot of commercial financing minimums as well.
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