Fayetteville (local) bank to fund BRRRR

5 Replies


Seeking recommendations for local Fayetteville area banks to refinance a BRRR property. Anyone have any good (or bad) experiences? What LTVs have you seen (e.g. 70-80%)?

  I'm open to using a private money lender, however I also see intrinsic value in establishing a relationship with a local bank.  

Interested parties can message me directly for additional details, as required. I'm happy to share!  

Any input is appreciated!  Thanks.


I use Lumbee Guarantee Bank in Raeford NC, for my flips, I work with Allen Davidson at that bank. I believe they have something for BRRRRs

Hey buddy I work in Fayetteville I'll message you.

@Matt Greer - Next time we talk, let's discuss this too. I need to get someone lined up to BRRRR that house we are getting!

@Andrew K. did you find a lender? Just curious if your profile is accurate (San Antonio, TX) and if being out of state has been an issue. Lumbee may be the best path, but I know some commercial side lenders have tightened the reins in the last 12 months. From a local bank's latest 10K: "Substantially all of our loans are to customers located in the immediate market areas of our banking locations …" I'm seeing more of this type stance lately and I don't think it's me. Even being a few counties away within NC appears to be getting more scrutiny. 

@Chris Martin , I haven't settled on a lender yet. So far the out of state aspect hasn't been an issue for me, then again I own two properties in the FAY area and have lived there the majority of my career (just moved to TX last summer). I think that I can display "intention" of returning to the area at some point. 

 I'm still in the early stages of talking with a couple lenders, seems positive so far. Then again, things can change--as you pointed out.  I'll be sure to report back on how things turn out!



Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here