Portfolio lending under 50k

[Michael J Scanlon]

Is anyone else having trouble finding portfolio lending to an LLC during Covid?

I have a tremendous deal (beats the 1% rule at about 3.1%), the neighborhood is c class, not d, the place isn’t run down (needs some minor repairs) and is currently rented.

Yet, I’ve had multiple calls today and everyone so far has pointed out issues with the fed rates causing a lot of issues with lenders doing specific types of lending, specifically pertaining to my current needs.

Has anyone else had this issue and what are some of your solutions?