Financing in Phoenix>Question Details

chris326, Home Buyer in Phoenix, AZ

Who is a good, creative multi-family loan broker in Phoenix area? I am interested in purchasing a 5 unit apartment building. Thanks!

Asked by chris326, Phoenix, AZ Thu Dec 6, 2012

5 unit in Phoenix area that has good cash flow numbers. The owner is open to creative financing.

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9
Chris, what you're looking for is a commercial loan. You can only get a residential loan on up to four units, anything that is five units and up is considered a commercial loan. That is a whole different type of loan, one you would not typically use a mortgage broker for. For a commercial loan you're typically going to want to go directly to a bank, perhaps one you have a banking relationship with, and ask them about a commercial loan. They typically require a larger down payment and are adjustable rate only, FYI. If you were expecting a smaller down payment and a traditional 30 year fixed rate mortgage, you may want to stick with a four unit property or less.
0 votes Thank Flag Link Tue Mar 10, 2015
My Name is Trent Dossett with TK BUSINESS FINANCING CORP in Sun City West. I have been in the lending arena for over 17 years. I have access to over 25 lenders who can put deals together that banks cannot. Please feel free to contact me at 623-518-9841 or e-mail me at: trent@tkbusiness financing.com. I would love to help you.
0 votes Thank Flag Link Tue Mar 10, 2015
Hi I can be reached at dmoore@JCunderwriting.com
http://www.JCunderwriting.com
0 votes Thank Flag Link Tue Jan 29, 2013
Hi Chris:

Gencor has a number of creative commercial loan programs. Get in touch and I will introduce you to our Commercial Lending people to discuss which of many programs might work for you.

Bill Parker, Loan Officer
AZ Lic# 09011570
NMLS #223607
CPA--Licensed, no longer practicing

GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496; (M) 602-565-3646; (F) TBD
EM: BParker@GenCorMortgage.com
Website: http://www.GenCorMortgage.com
LinkedIn: http://www.linkedin.com/in/billparkercpa

MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.

If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
0 votes Thank Flag Link Sat Dec 8, 2012
Hi Chris,
If you contact me with your contact information I will forward you the information of a good and knowledgeable loan broker.
Thanks,
Grace Adewumi
Realty One Group
602-769-0890
gracea@realtyoneaz.com
http://www.house2buyorsell.com
0 votes Thank Flag Link Fri Dec 7, 2012
Chris,

Team Investments is a full service real estate company who has made there mark on Phoenix by doing investment property deals. We have a great team that may be a good fit for you. Check out our website at teaminvestmentsinc.com or you can reach me at 605-870-0865 or casey@teaminvestmentsinc.com.

Casey Cuppy
0 votes Thank Flag Link Fri Dec 7, 2012
I have a lender that just did a multi-family for my client a couple of months ago. His name is Matt Belmont withh Amerifirst Mtg. You can reach him at 480-236-3541 or you can complete an application online at http://www.thebelmontgroup.net.
0 votes Thank Flag Link Fri Dec 7, 2012
Chris326, give a call to Simma Robbins at iMortgage. Tell her I sent you, she will take very good care of you. Simma Robbins: (480) 710-4636.
0 votes Thank Flag Link Fri Dec 7, 2012
Hi Chris,

I have a couple lender referrals for you...please send me your email address!

Eileen Shapiro
Nextage Realty Professionals

http://www.EileenShapiroHomes.com
0 votes Thank Flag Link Thu Dec 6, 2012
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