I need to find a bank that is willing to finance the purchase and rehab of an investment property. Anyone know of a bank that does that?
You should look into Commercial Loan Depot. (https://www.commercialmortgagedepot.com/)
Also you can go to the Hard Money Lenders page right here on BP (https://www.biggerpockets.com/hardmoneylenders/new...) to find some more lenders so you can shop around for the best interest rate.
Are you looking for a conventional construction loan? I work with several lenders that do that, send me a PM.
your best bet is a hard money company.
I have worked with 'fund that flip'
You can also try 'assat based lending' they are a local nj hard money company
@Rigo V. Some banks are willing to fund investment properties - I would call around to some of the smaller community banks in NJ. Depending on your specific deal, it could make more sense to use a HML.
@Rigo V. Will this be a buy and holding investment or fix and flip?
@Rigo V. reach out to Nick Aversa from Unity Bank
He's helped us with all our loan needs. Great guy and good options. He might be able to meet your needs.