- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Commercial Real Estate Lenders
Posted on 11/7/13 at 12:57 am
Posted on 11/7/13 at 12:57 am
My wife has leased her office for the last two years as we've looked for commercial lots or buildings to purchase. We think we've found a location and now I'm looking for lenders to shop who handle owner occupied commercial real estate.
It seems it is much more limited in variety than traditional residential mortgages I assume due to increased risk thus the greater down payment % and higher interest rates.
I've found Wells Fargo and PNC to be two of the larger ones. Any recommendations on others or advice for the process since we've never dealt with commercial property before?
It seems it is much more limited in variety than traditional residential mortgages I assume due to increased risk thus the greater down payment % and higher interest rates.
I've found Wells Fargo and PNC to be two of the larger ones. Any recommendations on others or advice for the process since we've never dealt with commercial property before?
4
Posted on 11/7/13 at 11:42 am to alexanderjcoop
I'm not familiar with any lenders in your area, however i'll tell you for all my rental property i use a local bank. They have a lot more freedom and less red tape than the wells fargo's of the world. Also, if you have any issues you can always go to the bank and talk to someone face to face.
Posted on 11/7/13 at 2:26 pm to alexanderjcoop
Alot of it depends on who the developer is that the bank will be lending to.
You should look at First Tennesse bank based out of Memphis.
You should look at First Tennesse bank based out of Memphis.
Posted on 11/7/13 at 3:49 pm to alexanderjcoop
Small local bank that you do business with..... too many people underestimate the power of a close relationship with your banker.
Posted on 11/7/13 at 3:49 pm to TigerRealtor
quote:
I'm not familiar with any lenders in your area, however i'll tell you for all my rental property i use a local bank. They have a lot more freedom and less red tape than the wells fargo's of the world. Also, if you have any issues you can always go to the bank and talk to someone face to face.
100% correct.
Posted on 11/7/13 at 8:08 pm to alexanderjcoop
Go to Home Bank
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News