Finding Funding for Unusual Properties

Hundreds of phone calls, and over a thousand hours later, here's everyone Sparr Risher pursued financing/lending with along the property search that led us to Whitinsville, MA

A friend recently asked me for the list of everyone I pursued financing/lending with, most of which were just one phone call, but also including over two dozen applications (and consequent dings to my credit) and hundreds of follow-up calls. In total I probably spent at least a thousand hours on this process. In the end it was worth it, but it was still a slog.

I spent about two years pursuing unusual properties as my first home, weird enough that I talked to more commercial lenders than residential lenders. Old schools, churches, campgrounds, etc. I was offering 10-40% down and considering interest rates ranging from 4% to 12%. Over time I had more money to put down, and pursued slightly-less-weird properties every few months.

Trying to buy in Vermont:

• https://selectcommercial.com/vermont-commercial-mortgage.php

• http://www.crefcoa.com/vermont-commercial-loans.html

• https://www.commercialloandirect.com/.../commercial-loans...

• https://www.nefcu.com/business/plus-real-estate.html

• https://www.commercialrealestate.loans/vermont-commercial...

• https://www.capitalone.com/.../indust.../other-asset-classes

• https://online.citi.com/US/JRS/pands/detail.do

• http://usbank.com

• https://www.hfcuvt.com/business/loans

• https://www.vermontfederal.org/contact-us

• https://www.vsecu.com/.../business-loans/real-estate-loans

• https://www.peoples.com/

• https://www.trustcobank.com/page/mortgages-40.html

• https://cbna.com/

• https://www.barharbor.bank/business/business-loans

• https://www.td.com/.../com.../lending-solutions/real-estate/

• https://www.vermontmortgagecompany.com/

• https://thebankofbennington.com/

• http://vclf.org

• https://www.communitycapitalvt.org/

• http://www.ncic.org/

• http://newtekone.com

• https://www.veda.org/financ.../vermont-commercial-financing/

• https://www.vhfa.org/contact/vhfa

• http://www.rd.usda.gov/vt

Trying to buy in Oregon:

• http://colonybank.com

• https://www.crossriver.com/

• https://www.granitestatedev.com/.../recent-projects/vermont/

• https://www.linkedin.com/in/gregwacker/

• https://www.advantiscu.org/.../commercial-real-estate-loans

• https://www.commercialloandirect.com/.../commercial-loans...

• https://selectcommercial.com/loan-request.php

• https://www.jpmorgan.com/.../commercial.../ctl-portland...

• https://www.commercialrealestate.loans/oregon-commercial...

• https://www.linkedin.com/in/timurkhan

• http://oldwestfcu.org

• https://www.umpquabank.com/.../commercial-real-estate.../

• https://www.opbc.com/commercial-loan-officers/

• https://www.willamettevalleybank.com/commercial-loans/

• https://www.willamettecommunitybank.com/

• https://www.citizensebank.com/request-information

• https://www.oregonstatecu.com/commercial-real-estate-loans

• https://beneficialstatebank.com/

• https://www.craft3.org/our-places/Columbia-Willamette

• https://www.aspiration.com/

• http://nxtfunding.com

• http://semble.org

Trying to buy in Hawaii:

• https://www.fhb.com/.../commercial-real-estate-lenders

• https://www.hawaiimortgage.net/.../fea.../vacant-land-loans/

• https://www.bigislandfcu.com/mortgage-loans

• https://www.hicommfcu.com/

• https://www.agloan.com/financing/loan-inquiry-form/

• https://www.financefactors.com/contact-us

• https://www.cuhawaii.com/.../personal-loans/home-loans.html

• https://cumembershomeloan.com/cuhawaiifcu20020/Home

• https://www.rd.usda.gov/hi

• https://www.boh.com/.../financing.../real-estate-development

• https://www.asbhawaii.com/

• http://usbank.com

• http://citi.com

Big Island Lending Group

• https://www.bigislandmortgages.com/

• https://www.pointfinancialhawaii.com/

• https://www.trustedhomeloanshi.com/jamaica-canas/

• Creative Lending Inc

• https://www.homebridge.com/

• https://www.genevafi.com/nicole-galchutt/

• http://loandepot.com

• https://privatelenderlink.com/pro.../temple-view-capital/...

• https://privatelenderlink.com/.../avatar-financial-group/...

• https://privatelenderlink.com/profile/conventus/#contact

• https://privatelenderlink.com/profile/rcn-capital/#contact

• https://privatelenderlink.com/profile/yieldi/#contact

• https://privatelenderlink.com/.../american-heritage.../...

Some I called without access to my notes, which didn't lead to follow-up calls

And, finally, trying to buy in Massachusetts:

• Guaranteed Rate

• https://www.washtrust.com/

• https://chadrankin.rmsmortgage.com/

• https://www.zillow.com/lender-profile/trevor%20mcfarland/

• https://www.zillow.com/lender-profile/VIPPresident/

• https://www.websterfirst.com/

• http://milfordfederal.com

• https://www.rocklandtrust.com/

• https://www.homefieldcu.com/

• https://www.stmaryscu.org/

• https://www.shrewsburycu.com/

• https://www.worcestercu.com/

• https://leominstercu.com/

• https://www.wcu.com/

• https://hauslending.com/rental-property-loans/

• https://www.sproutmortgagedirect.com/get-started

• https://www.fairwayindependentmc.com/Philip-Daniel-Ganz

• http://saversbank.com

• http://polimortgage.com

• https://www.sierrapacificmortgage.com/Worcester

• https://www.loandepot.com/branches/worcester-ma

• https://www.leaderbank.com/

• https://www.bostonmortgagesolutions.com/

• https://www.olivetreemortgage.com/

• https://www.yelp.com/.../mike-rice-new-fed-mortgage...

• https://lendmarkloans.com/aaron-berger/

• https://visitamr.com/

• https://www.bluedoormortgage.com/

• https://capstonemortgage.com/

• https://crosscountrymortgage.com/MA-Branch/Claudia-Panarese/

• https://www.conwayfinancial.com/

• https://www.david-silverman.com/

• https://goldcoastmortgage.com/

• http://ConstLending.com

• http://www.equivestmortgage.com/

• https://www.harbormortgage.com/

• https://www.indmortgage.com/

• http://infinitycapitalllc.com/

• https://www.img-mtg.com/

• http://www.jadiamortgage.com/

• http://www.maritimemortgage.com/

• https://macap.com/

• http://masshomemortgage.com/

• https://www.mbamortgageteam.com/

• https://www.morningtidefg.com/

• https://mortgageequitypartners.com/

• https://www.mortgageinq.com/

• https://www.radiusgrp.com/

• https://people.rate.com/savvas-fetfatsidis-35213

• https://www.mysouthshoremortgage.com/

• https://www.westchester-mortgage.com/

• https://public.websteronline.com/

• https://www.boatbanker.com/mfg-home-loans/

• https://www.unibank.com/personal/mortgages

• https://www.millburycu.com/

• First Eastern Mortgage Corporation

• https://www.bankhometown.com/

• https://www.bostonmortgagesolutions.com/

• https://www.td.com/us/en/personal-banking/mortgage/

• http://www.mnbonline.com/ (SUCCESS!)

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Phew!!