Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Josh Prettyman
  • Real Estate Broker
  • Salt Lake City, UT
4
Votes |
7
Posts

Looking for a Lender - North Carolina

Josh Prettyman
  • Real Estate Broker
  • Salt Lake City, UT
Posted

I'm living in Salt Lake City, UT and looking to invest in North Carolina. I am working slowly with Wells Fargo here in Salt Lake but I'm looking for educated multi-family lenders in North Carolina. Anywhere between Charlotte - Raleigh or down towards Fayetteville. I've spoken with a few small banks out there but terms they gave me were less than desirable. This was for both 4 and under and 5 or more unit properties. 20 yr am is the longest available, lowest 5.5% interest, at least 20 or 25% down... Looking for less down if possible, 25 year or 30 year am, sub-5% interest rates. Am I being unrealistic? Looking for properties under $300k that I would NOT be living in. Plan would be to hire or keep in place the PM company and have a healthy cash flow. 

Most Popular Reply

User Stats

25
Posts
10
Votes
Tim Fiedler
  • Lender
  • Austin, TX
10
Votes |
25
Posts
Tim Fiedler
  • Lender
  • Austin, TX
Replied

@Josh Prettyman I can work up a quote for you with some basic property information. I offer asset based lending on multi-family properties (2-4 Units). I'm based out of Austin, TX but provide lending for purchases and refinances in 36 states (North Carolina included). If you would just like information on Landlord Finance I can help you out with that as well.

Thanks,

Tim Fiedler

Loading replies...