30 Year Fixed Portfolio Loan in Ohio

[Nate Copes]

Hello everyone,

Earlier this year I purchased my first five units (4 SFR, 1 condo) in the greater Columbus, OH area under a land contract agreement. The units are now fully occupied and I would like to pursue a refinance. I've called around to several local banks and they are primarily offering 20 year loans with 5 year balloons. I was wondering if the (always fantastic) BP community could advise me if anyone knows of an institution that lends in Ohio that have a 30 year fixed rate product (or if that is a pipe dream for me)?

For a few details, I'm currently sitting at about a 90% LTV, have a full time W2 career as a senior financial analyst and am willing to bring cash to the closing table to bring the properties down to a 75-80% LTV. I also have approximately 25 pages of my business plan, financial statements and projections that outline my goals that I can provide.

Thanks for all the great information, and support BP and if anybody is in Columbus, let's grab a beer and talk some real estate!