Chicagoland & Southern New Jersey · Member since 2017 · 6 posts · 1 vote
Fellow Bigger Pocket members:
I have purchased 2 condos and looking to add 2 more in the next few months. To date I have been purchasing with all cash and want to refinancing my existing units to purchase the 2 additional ones I am looking to add. Only looking to put 50% LTV on the properties and am looking for RE investor friendly banks in the South New Jersey area. I have been using LLC's to purchase the units and don't want to change this approach.
Has anyone had success working with any banks in NJ with their deals?
Hey @Peter Liguori, I deal with Manasquan bank for some of my properties. Pleasant to deal with and offer competitive rates/loan packages. DM me for more info.
Seeing where you live to the property location you might have trouble either way since you are out of state. You might want to consider alternative lending options, rates might be higher but you are only seeking 50% LTV and hopefully those loan amounts are above $75,000 or even the alternative lenders might shy away.