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Updated over 5 years ago on . Most recent reply

Need portfolio lender or investor friendly bank in Kansas City
Good morning BP!
It's been awhile, I've been hard at work investing in Real Estate! I'm more in search of an investor-friendly bank or portfolio lender for my properties in Independence MO. Any advice also appreciated.
Following properties I'm looking to refinance:
Personal Residence- currently 75k loan, 7% interest. Would now appraise for 110-130k. Wanting to pull cash out to fund a down payment for an upcoming multifamily deal.
Fourplex- currently JV partner deal 50/50 and i have a 40k loan 6.25 %interest with balloon in 3 years. Would appraise at approx 110-120k. Gross income $2121
My goal is to refi with possible lower interest rate and pay off my loan and buy out my JV PARTNER.
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Additional properties NOT necessarily needing refi:
Also have four SFR Rentals all together on one private lender note approx 80k left, 6.25% interest, 8 years left on note. Gross income $2695.
Fourplex on 30 year FHA NOTE approx 4%interest. Gross income $1990
Most Popular Reply
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Hi Aaron,
I live in Southern California but I invest in Kansas City. I'm no pro when it comes to financing but I just starting working with a new bank that I hope is going to be new local lending source, we'll see. I also got a referral to a portfolio lender that I didn't end up working with.
Feel free to PM me for the contact info of these folks! There are also crowd funding sources like Realityshares. I know @Jay Hinrichs does lending as well.
Hoping I can find a small to medium sized apartment as my next deal, after doing 6 residential units I only want to go commercial!