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Updated over 7 years ago,
portfolio lenders Raleigh NC
I am new to the site so the info may already be available in this forum. A brief look didn't find any post that fit my situation exactly so here are my details? I have a 4 unit (two duplexes on same city lot) in Raleigh NC. Monthly rent is $3100/month for all 4 units. I want to refinance (current mortgage is 30 year fixed at 7%) but as my wife and I own an S-corp (retail shop) we don't have sufficient W-2 income to go the conventional route. Current mortgage is $228k tax value is $420k (2008 last time valued so I think this is a good conservative value). I've talked to First Key which will lend at 6% but with no cash out of deal. Anyone know of investor friendly portfolio lenders in Raleigh NC? Thanks,