Local lender for a 6-plex?
Hi all,
Quick summary - I'm looking for a local lender who can finance small commercial properties (price < $300K) for an out-of-state investor.
I'm an out-of-state investor from Seattle, and have been looking for small multi-families (2 - 4 units) in San Antonio. However I just came across a 6-plex that fits my criteria and am pursuing it at the moment.
However, since it requires commercial lending and the list price is on the lower end ($265K), my usual lending partners won't do small commercial deals. Therefore I'm looking for local lenders who are interested in financing deals like this.
If you know someone/banks/credit unions in the area who can finance deals like this, please let me know. Thanks in advance!