Dallas Area Portfolio Lenders

[Mark Spidell]

I am a Colorado based investor with several SFR in the Dallas metro area. I have been having a tough time finding a commercial lender that will help me with a portfolio loan due to me not living in Texas. Seems like an odd hang up, but I have heard it now multiple times. Currently exploring options with Happy State Bank and Access but the terms are not great. Any suggestions are appreciated! Thanks in advance!

[Mike Makkar]

@Mark Spidell, I'm an investor based in Dallas. I called up 15 to 20 community banks and credit unions in the Dallas area (including Happy State) and was able to compile a list of banks with competitive terms and rates. Message me, whenever you get a chance. Again, not a lender but pure investor. Your state of residence could pose an issue, but could be worked around if you find a bank with an extension in Colorado and one of the banks I chatted with has a branch.