Lenders offering portfolio loans in SE Wisconsin?

[Luke J Nelsen]

Hey BP peeps!

Have any of you have had any success finding lenders in Southeastern Wisconsin(Greater Milwaukee Area) that offer portfolio loans for investment properties? 

Thanks,

Luke

[Marty Johnston]

@Luke J Nelsen there are a number of Portfolio Lenders who lend on on both 1-4 Unit investment properties, or blankets/portfolio loans across 2+ properties. The ticket here with a lot of these portfolio lenders is the minimum value per door. The portfolio lenders we work with for example want to see a minimum value per property of $65,000/door. In the Milwaukee area, this can sometimes be difficult to meet. Some lenders will go a little lower if the rest of the portfolio values are strong, but that's a case by case basis.

Do you have an example of the portfolio that you can share a bit more on?

Thanks Luke!