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Updated about 10 years ago,
high LTV lenders for investment properties
Anyone know good portfolio lenders who will lend at reasonable rates with little money down?
We are buy-n-hold investors in the Seattle area with excellent credit, great rental history, etc.
We currently own 5 rentals and roughly break even on the entire portfolio (mix of condos, townhomes and SF homes -- all low fixed rate mortgages). All of our loans originated from banks, but they are more restrictive especially with the high number of loans we already have. We would like to purchase more rental property, but the lending restrictions and the high home values in the Seattle area make it difficult (350+ sq ft).
Help!