Chicago: Banks that finance CRE?
I'm looking at 3-4 unit retail properties. Purchase price of &lt;$1MM. I'm looking for amortization of at least 20 years. I'm trying to find a bank that has low rates and flexible lending requirements.
[{"id": "csz5cx2", "text": "Small balance so I am not sure how much help we can be to you on r/commercialrealestate.\n\nI would suggest getting on the phone with every bank you can find in Chicago and asking to talk to their CRE groups. ", "replies": [], "depth": 1}, {"id": "ct220d8", "text": "Wintrust has bought out a lot of the smaller local banks, so you can check with them, but may want to check into a local community bank, they may be willing to offer more flexible terms than Chase, Wells Fargo, etc.", "replies": [], "depth": 1}]