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I made the unfortunate discovery that three local Beloit lenders are no longer issuing new loans for new investors for rental properties. One lender is no longer making me new loans though I have been a client for nearly 10 years. The banking industry has essentially stalled my business and I have to proceed with new purchases on a cash basis only. Interests rates are low for the sake of encouraged lending, at least that is what I thought. Comments are welcomed.
Manuel
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