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12-19-2022, 04:44 PM #8
You need experience in knowing which lenders can do which properties and that takes time. You have a property you submit to different lenders and get some feedback. It just isn't as simple as contacting lenders. It's more of a trial and error process. I have folders for 32 different property lenders. Each has a special niche and guidelines. You have to search all of them to see which one is a candidate lender for a specific type of property and then client guidelines that might fit - like full docs SISA or NoDoc. And I have a second set of folders of 8 lenders not to work with.
You can start here doing a lender search.
(I haven't had good experience here but it's a start)
https://www.scotsmanguide.com/Last edited by Olderguy; 12-19-2022 at 08:15 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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