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Updated almost 5 years ago, 01/31/2020
Indiana Portfolio Lenders
Hello,
I own a single family rental in Indy that I bought for cash and I would like to finance to take out some equity. The property should appraise for between $50,000 and $60,000 and I am having trouble finding a bank to do a loan on a valuation so low. I would prefer a portfolio loan as the property is titled in my LLC and I don't want to use one of my 10 conventional loans on a property so small. Has anyone worked with a good portfolio lender who might be able to help me? Thanks!
Jim Pfeifer