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Updated over 7 years ago,
Texas Lenders - Single Family Portfolio Loans
Hi:
As a Canadian, I started doing my first flips in Texas paying 16% hard money as I had no American credit or track record. That was 7 years ago, and I have since been able to get 70% LTV financing on my longterm holds at around 6%.
I have heard that lending is getting looser and looser and that there may be loans available up to 85% LTV. Anyone have any recommendations for lenders that do portfolio loans in the Houston area? Now seems to be a good time to see whats available.
Thanks!
Stephen