Good rate bank

[Julian Dozortcev]

Hello all,

Can anyone recommend an llc friendly bank with good rates?  we are purchasing the property in New Jersey. Tia

[Joseph Scorese]

Hi @,

Welcome to BP!

Some questions a Portfolio Lender will ask.

Credit (Needs to be good)

LTV - Refinance or Purchase (Max typically 75% LTV)

Location & Appraised Value (Most banks have minimum)

Is it leased, Section 8 or regular Tenant

How long have you owned it and does it have a current mortgage or free and clear.

Let me know if you have any questions.

Regards,

Joe Scorese