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Real estate investors have to choose a reliable bank because handling money in this kind of venture can be complicated. The bank you use for your personal finances might not have the features you need for real estate investing. Imagine, for instance, managing several investment properties or needing to get real estate financing. 

The fees, services, flexibility, and other features beneficial for real estate investing are crucial factors to consider. This list of the best banks for real estate investors will help you in your search and answer the questions you have in mind. 

Wells Fargo

This bank is among the most active SBA 7(a) lenders in the United States. You can also secure SBA CDC/504 and SBA Express loans. The loans are provided by private lenders but backed by the Small Business Administration. Wells Fargo is an excellent option for people investing in real estate. 

Compared to its competitors, Wells Fargo has lower down payments, lower monthly payments, and longer repayment terms. Borrowers can pay back their loans between 7 to 25 years, which is advantageous to real estate investors. Moreover, the bank offers higher loan amounts, with small business loan caps at $5 million. 

You can also borrow against your equity and secure a Commercial Real Estate Equity Loan. If you want to fund a business, such financing options are good for you. 

J.P. Morgan Chase Business Banking

J.P. Morgan Chase can help you secure loans for your real estate investments. You can avail of the Chase Homebuyer Advantage Program by having the bank review your income, credit history, and assets to provide you with a conditional letter of approval regarding how much you need for a real estate purchase. 

When making an offer, showing a conditional letter of approval from Chase can help you close more quickly. The bank’s requirements to arrange your paperwork include the appraisal and purchase contract. If you fail to secure a closing within three weeks, the Chase Closing Guarantee will pay you $5,000. 

You can also access the bank’s homebuyer education opportunities and marketing materials if you want to advertise a property. Another loan from the bank also helps you to finance home repairs and renovations. Thus, it’s time to open a business account with Chase. 

Baselane

This platform is perfect for people managing a rental property business. It organizes your business expenses and streamlines your accounting with features that display your year-to-date expenses and year-to-date revenue. Users can also open a bank account and avail of a debit card with an unlimited 1% cashback. 

Baselane is in partnership with Lendency in providing flexible loans for real estate investors. Rental property owners can get insurance through this platform to cover the loss of rental income and other liabilities. Other features are targeted by Baselane, such as AI-powered insurance and mortgage marketplace. 

LendingClub Bank

Rental property owners can secure flexible commercial real estate loans through LendingClub Bank. If you want to purchase, refinance, or construct a property, the bank has various financing options for you. Asset types include multifamily, retail, warehouse, industrial, and medical. You can avail of loan amounts up to $10 million. 

You can open an online banking account if you own a rental property. Earn a 1% cashback using a debit card on qualified purchases, and there are zero monthly maintenance fees for over $500 balances. 

Axos Bank

CRE investors and mortgage brokers can secure financing through Axos Bank. If you want to invest in a two- or four-unit property, multi-family house, mobile home park, mixed-use building, student housing, or commercial property, the bank offers loans for your real estate investments. 

Axos is a trusted lender that offers different loan structure options. Term lengths vary between 3 to 20 years, and they provide a non-revolving line of credit for construction with terms from 3 to 24 months. 

The bank also allows account holders to access reverse 1031 lending to get financing for a replacement property. There are no additional costs for their trust agreements and qualified escrow. 

Stessa Cash Management

Stessa Cash Management allows you to have unlimited business banking accounts. It’s beneficial for rental property investors because they can open several accounts for each property investment. The accounts have no minimum balance requirement, zero inbound wire fees, and zero monthly maintenance fees. 

You can integrate your bank account with the rental property software by Stessa. This platform allows convenient access to your portfolio, automates your expenses and income, and streamlines your real estate documents. 

Final Thoughts

If you’re a real estate investor, it’s a must to choose a bank that’s best for your business venture. Consider choosing a bank with affordable fees, excellent features, and flexibility. There are major banks that offer such business accounts for real estate investors, but you can also consider online platforms tailored for such businessmen.