Investor friendly banks in Indianapolis
Hello BP, I herd of some banks here in Indianapolis that will bundle up about 5 mortgages into one big lone once you reach your limit of mortgages so you can continue to get new mortgages. Does anyone know the name of these banks, or other real estate investor friendly banks in Indianapolis. Also I would like to get a HELOC but instead of my home, I would like to get the line of credit on two plots of land that I own. Would a bank do that? Thanks in advance for any recommendations and advice.
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All of these would be commercial products. There isn’t a limit of those. I know people with more than 60. Lots of good small banks could help you out. Land is tougher than houses but you can get a lower LTV construction loan most likely. PM me if you still need help, but I found walking in banks asking to talk to the commercial loan manager work well.
Good luck!