What Are Your Private or Portfolio Terms

[Corby Goade]

I've got a few conventional mortgages and need to start seriously exploring private or portfolio lending. I've seen some of the commercial portfolio lenders out there and am generally familiar with their terms, but what have you seen or been able to secure? I'm a buy and hold guy, and am generally looking for long term loans for small multi family properties. Feel free to comment on as many or as few of the topics below that you like. 

-Private, bank or credit union?

-Property type?

-Amortization?

-Balloon?

-Down Payment?

-Rate?

-How was rental your income calculated, if applicable?

-Did you cash out any equity to make your down payment? How did that process work?

-Qualification criteria such as DTI, required reserves, credit score, etc?

-Finally, how much did your relationship with the lender play into your deal? Are there other important details that could be helpful?

I just feel like I don't know enough about this private lending world or what the market is like to move forward and make an informed decision. Thanks in advance?