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Updated about 2 years ago on . Most recent reply
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How do I go about finding a "portfolio lender" bank in my area?
From my understanding, there are banks that will provide "in-house mortgages" that will offer rehab loans. These loans will roll the costs of the rehab into the loan, allowing you to cover the entire cost of the rehab through the loan, with a down payment based on the full amount.
**I am not referring to hard money, as I know they offer this type of financing as well
Also, not sure if this matters for reference, but I am based out of Atlanta
Thanks BP!
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- Lender
- Austin, TX
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Hey Steven. You will likely need to call around to a few banks to find someone who can help you out. Networking with investors at local meet up events might be a good option to see if someone can point you in the right direction!