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Updated about 8 years ago on . Most recent reply
Portfolio Lenders
Hi all,
I had a few questions about portfolio lenders. I have been looking to obtain financing and looked at a national portfolio lender. They say their rates start at about 6%. I found this hard to believe since rates are at an all time low.
For those of you that obtained financing through a portfolio lender, what rate did you get?
What was the required down payment?
Does anyone have a national portfolio lender that they have used and would recommend?
Thanks,
Matt
Most Popular Reply
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Working with 2 banks,
Rates: 4.25% to 4.95%
25% to 30% down
Flat Origination fee. $700k'ish
Not national! Texas based bank. If you shop around, you can find good rates.