Need to refi out of a hard money loan. Property is located in Memphis, TN, however we are located in Pennsylvania. Local banks (Memphis) will not deal with us because we are not local. Banks in PA will not refi a Memphis property. We do not fit the Fannie/Freddie guidelines due to the amount of properties/mortgages owned, therefore we need to go commercial. We have had no luck finding a lender. Any suggestions on who to contact?
Thanks
You’re not the only investor in this situation so dont feel alone.
It may take some time to find the perfect bank for your goals.