Commerical Property Lender Contacts?.....Anyone?.....Anyone?

Posted on: Fri, 05/15/2009 - 23:33

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Commerical Property Lender Contacts?.....Anyone?.....Anyone?

Hello DG Members,

I am looking into a large multi-unit apartment complex in Michigan and have had no luck finding a commercial lender. Can anyone recommend a strategey or a lender that would be interested in a very good cash flowing multi-unit apartment building. Several bankers stated it looked good on paper, however their banks are a little tight fisted with the cash due to the economy and their desired reserves. Thank you for your assistance. Believe and Achieve!

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Posted on: Fri, 05/22/2009 - 05:36 #1

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Commercial Property Lender

Hi Indiana-Joe,

Very few are lending in Michigan. We are (commercial only), depending upon the deal parameters. See http://koHResources.com for more info.

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Posted on: Fri, 05/22/2009 - 05:41 #2

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Commercial Property Lender

I'm sorry Joe. In my eagerness to help (and make money), I posted this without reading the rules. Please check with your coach or someone in Dean's organization before doing anything. I am accustomed to posting on real estate blogs or forums that brokers use. I apologize to everyone.

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Posted on: Fri, 05/22/2009 - 06:06 #3

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Commercial Lender Request

Indiana Joe:
I do have a commercial lender out of Lakewood, NJ that i could put you in touch with. I believe that they deal exclusively with commercial props. Let me know approx loan amount and prop type and i will ask him if they can be off assistance to find you the best terms / rate for your deal. This prop is in Michigan right?
You can PM me if you want.
Thank you.
Mati

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Posted on: Fri, 05/22/2009 - 14:52 #4

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Thanks for input

Thank you for your input. The multi-unit residential apartment complex in Michigan went contingent this week, however I may be reaching out again if anything else becomes available in this area. Good luck on all your deals. Believe and Achieve. Indiana-Joe

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