What route can a novice syndicator take for fund raising?
Currently the SBA is just for owner-occupied real estate because the program is there to benefit the businesses who don’t have traditional access to financing. There are plenty of investment loan opportunities available, however, for the type of project you’re considering. I would start with a traditional bank. If you’re a strong borrower and have a great potential real estate acquisition then your local bank may be thrilled to do the transaction.
You can also look into online lenders, who will likely be a bit more expensive in terms of interest rates, or there are specialty lenders wanting to lend to you for an entire portfolio of rental properties (if you plan on growing). You can learn more by reading our article on the best investment property loans for rental properties. Good luck!
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