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

[Steve Shaffer]

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!

[Grant Schroeder]

Hi @Nicholas Covington, Academy Mortgage, who I work for, offers this as a portfolio solution. I have a helped a lot of investors from BP with it in OR, AZ, ID, WA and NM, as well as used it multiple times in my own growing portfolio. I was trying not to self promote on the open forums as BP does not like this. I was simply trying to share a perspective of other loan options out there compared to some of the ones already shared on this thread. Thanks for asking!