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Start a Discussion

Small investor friendly banks in NE Ohio

4 Replies

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Check Rosette Top Subjects:
Traditional Financing, Team, and Real Estate Finance
  • Posts 177
  • Votes 60

Aaron Hale
Rental Property Investor from Santa Rosa Beach, FL

posted 11 months ago

Hi All,

I'm just about to close on our first investment property in the Akron/Canton area. I'm using a HML to purchase and rehab, but want to lay the groundwork with a small investor friendly bank(s) in the area to place the reserves and refi with when the project is complete. Any suggestions?

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  • Posts 96
  • Votes 38

Rob Mcclellan
Realtor from Rootstown, Oh

replied 11 months ago

Try hometown bank in kent. I have a friend that uses them and he likes them. i have not tried them yet.

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  • Posts 1
  • Votes 1

Jason Metze
from Cleveland, Ohio

replied 11 months ago

Have you tried Key Bank? They have several programs that can help if you're attempting to repair an older home (look up the heritage home loan) and seems to be investor friendly. Currently using them for a Home Equity loan and they've been great so far. 

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Check Rosette Top Subjects:
Traditional Financing, Team, and Real Estate Finance
  • Posts 177
  • Votes 60

Aaron Hale
Rental Property Investor from Santa Rosa Beach, FL

replied 11 months ago
Thanks,  @Rob Mcclellan :. I’ll give HometownBank a look.
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Check Rosette Top Subjects:
Traditional Financing, Team, and Real Estate Finance
  • Posts 177
  • Votes 60

Aaron Hale
Rental Property Investor from Santa Rosa Beach, FL

replied 11 months ago

@Brian Metze. If all goes as planned, the HML should handle the renovation funds. However, that's a good tip on Key Bank. One I'll keep in my pocket for future projects. thanks!

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