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Updated over 3 years ago,

User Stats

34
Posts
17
Votes
Steve Shaffer
  • Investor
  • Fargo, ND
17
Votes |
34
Posts

Anyone’s market offering 30-year fixed portfolio loans?

Steve Shaffer
  • Investor
  • Fargo, ND
Posted

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!

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