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St. Louis Real Estate Forum

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Ken Gilb
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REI Friendly local bank in STL

Ken Gilb
Posted Nov 1 2020, 07:39

I'm looking to establish a relationship and open accounts with a local Saint Louis bank. Does anyone have a recommendation? I currently only bank with USAA.

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Doug M.
  • Investor
  • Saint Louis, MO
1
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1
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Doug M.
  • Investor
  • Saint Louis, MO
Replied Nov 1 2020, 17:46

Citizen National Bank 

Dio Maranan (314) 735-1863

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Jennifer Donley
  • Rental Property Investor
  • Saint Louis, MO
269
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Jennifer Donley
  • Rental Property Investor
  • Saint Louis, MO
Replied Nov 2 2020, 07:54

@Ken Gilb are you buying in an LLC or in your personal name?

If in your personal name, I'd recommend Robert Heideman at Delmar Mortgage.

If in an LLC, check out Together Credit Union, American Bank, First State Bank of St. Charles and Carrollton Bank.

Also the Facebook pages for STL Real Estate Investing are really active - you can post in those groups to get recommendations too.

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Ken Gilb
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Ken Gilb
Replied Nov 2 2020, 08:18

@Jennifer Donley I was looking for a local bank to open accounts to collect rent and establish a relationship for future lines of credit (secured and unsecured) as well as possible loans in the future. Thanks in advance.

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Peter MacKercher
Property Manager
  • Residential Real Estate Broker
  • Saint Louis, MO
567
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1,568
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Peter MacKercher
Property Manager
  • Residential Real Estate Broker
  • Saint Louis, MO
Replied Nov 2 2020, 08:41

@Ken Gilb I pm you my go-to guys. 

  • Real Estate Agent Missouri (#2010004223 )

Mogul Realty  Logo

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Jennifer Donley
  • Rental Property Investor
  • Saint Louis, MO
269
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228
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Jennifer Donley
  • Rental Property Investor
  • Saint Louis, MO
Replied Nov 2 2020, 10:31

@Ken Gilb then I would still recommend the ones I listed.  They are great for refi's on rentals for LLCs and will be more willing to negotiate typically on terms if you have already built a relationship with them.

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Tyson Hosey
  • Rental Property Investor
  • St. Louis, MO
22
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199
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Tyson Hosey
  • Rental Property Investor
  • St. Louis, MO
Replied Jan 9 2021, 06:43

@Jennifer Donley do you know if any of those banks portfolio lenders?

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Jennifer Donley
  • Rental Property Investor
  • Saint Louis, MO
269
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Jennifer Donley
  • Rental Property Investor
  • Saint Louis, MO
Replied Jan 9 2021, 12:26

Yes I think all of the commercial banks do.  

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Replied Jan 13 2021, 15:28

Together Credit Union

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Matt Dickens
  • Lender
  • Saint Louis, MO
11
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28
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Matt Dickens
  • Lender
  • Saint Louis, MO
Replied Jan 25 2021, 14:57

Late to the part here - Chet Hileman at F&B Financial has a large book of REI files. Feel free to DM me for details.

All the best!