Portfolio Lender in Massachusetts

[Mike Curadossi]

Hello All,

So, I may be looking for a Unicorn here, but does anyone know of any lenders that will do 75 - 80% LTV amortized over 25 or 30 years with a fixed rate for investment properties? I have refinanced 4 properties so far this year using the BRRR strategy getting commercial loans that are 5 year ARM's amortized over 25 years. I have another 5 that I am working on now that all need to be refinanced in the next 3-4 months and I would love not to have to get a commercial mortgage on them if I could get a fixed rate with a portfolio lender.

Do any of these banks exist? 

A lot of the portfolio lenders I have reached out to only go to 60% LTV and most won't do anything other than your primary residence. I already have 4 residential mortgages and know I can get up to 10 and plan on doing that but would prefer to do them with a bank that doesn't sell them to Fannie Mae since I plan on doing more of them and don't want to be forced to get commercial mortgages once I have 10.

Thanks in advance for your time and advice.

Mike