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Updated almost 4 years ago on . Most recent reply

User Stats

231
Posts
166
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Tiffany Alexy
  • Real Estate Broker
  • Raleigh, NC
166
Votes |
231
Posts

Portfolio Lender - NC?

Tiffany Alexy
  • Real Estate Broker
  • Raleigh, NC
Posted

Hey BP,

Looking to obtain a portfolio loan across a few properties to leverage up a bit.  Lima One does 8% but I'd like to stay around 6% if possible.  No pre-payment penalty preferred, though if there is a 1 or 2 year one that is fine.  I am fine with adjustable rate or fixed rate, as long as there is no balloon payment.  Don't care where the lender is, can be nationwide but properties are in NC.

Can anyone recommend a company I should look into? 

Thanks! 

Tags: Raleigh, Cary, Charlotte, Greensboro, Asheville, lender, mortgage, portfolio, loan

Most Popular Reply

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5,691
Posts
3,434
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Chris Martin
  • Investor
  • Willow Spring, NC
3,434
Votes |
5,691
Posts
Chris Martin
  • Investor
  • Willow Spring, NC
Replied

Most small banks, where you will most likely get the best 'traction', will lend in small geographic areas. Asheville banks may not lend in Raleigh. Here's a list (from FDIC) of triangle based banks from Wake, Johnston, Harnett counties. I know for fact that at least two of these are chomping at the bit to lend. At least to well qualified borrowers. Read their SEC docs for more details on their specific underwriting or talk to one of their loan officers and schedule a meeting with their decision makers.

and fill in county and state.

FDIC # name base city base county assets (in $000)
First-Citizens Bank & Trust Company Raleigh 32795513
Capital Bank Corporation Raleigh 7789968
The Fidelity Bank Fuquay Varina 1808293
Paragon Commercial Bank Raleigh 1479318
North State Bank Raleigh 794715
Wake Forest Federal Savings and Loan Association Wake Forest 106019
First Federal Bank Dunn 169392
Select Bank & Trust Company Dunn 844197
Four Oaks Bank & Trust Company Four Oaks 721297
KS Bank, Inc. Smithfield 352033

I will leave it up to you to find your list for your county or counties.

About 100% sure if you don't call or contact them, they won't call you.

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