Local Bank ARM Loans Baltimore

[Kenneth Cheston]

Hi BP Baltimore,

I've got one duplex up and running. Looking to do my second. Just spent a few hours calling banks in Baltimore but can't get anything creative. I got a bank out in West Virginia (for a STR venture I was looking at) that was able to do LTV 90% 10/1 ARM with a 6.5% rate. The best I could find in Baltimore so far is LTV 75% 3/1 ARM with a 5.375% rate. Don't get me wrong, that's pretty good for nowadays, but looking to get that LTV up. Anyone had any luck? If you suggestion is private then I could look into that. Looking for bank recs at the moment. Thanks.

[Russell Brazil]

What you mentioned is basically the best I see...and Im guessing you got that latter quote from Eastern Savings Bank as that's what they are basically doing for me now.