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Updated almost 9 years ago on . Most recent reply
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Refinancing single family portfolio in Minneapolis 9 Properties
I'm hoping someone can point me in the right direction here. I'm looking to refinance a portfolio of single family houses and townhouses (9) valued around $1.3 mln in the Minneapolis suburbs. I'd like to get the loan up to 75-80% LTV if possible with a 25-30 year term at 4-5% interest rate. Rate lock would be 5 or 10 years preferably. Does this seem doable? Does anyone know of a mortgage broker or company that could help me find a loan like this? I've seen these kinds of loans for mobile home parks and apartments, so they must exist for single family.
I'd appreciate any help on this.
Thanks!
Jaden