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Updated over 3 years ago,
Anyone’s market offering 30-year fixed portfolio loans?
People of Earth,
I'm an investor in Fargo, ND and we have a shop in town that will offer a 30-year fixed loan at around 4% for 1-4 unit properties that they keep in house. 70/30 LTV but no other real gotcha's or catches. We can quit claim stuff into or out of an entity without any hassle. Since we've had a relationship for a bit here and they have all our financials, a deal can be put together pretty quickly.
Anyone else have anything like this in their market? We’re hoping to move into a second market for some geographic diversity (and ideally a place to stay warm in the winter). In what I personally believe to be a bit of an inflationary environment, I’m looking to fix what I can for as long as I can and the 30-year amortization is pretty great for cashflow. Thanks!