Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply

Portfolio Lender - NC?
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

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.
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.