Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Mark Vitek
  • Investor
  • Mc Kinney, TX
1
Votes |
4
Posts

Need Help Finding a Lender for a Wrap Mortgage

Mark Vitek
  • Investor
  • Mc Kinney, TX
Posted

I've got an existing wrap mortgage that the bank is calling due.  They are deciding to exit that side of lending.  Since being notified, I've talked to over a dozen local banks and they have all stated that they don't do wraps.  

Deal Details: SFR 2/1 in McKinney, TX, Appraised Value is $118k, balance on the wrap is $86k. Sold to current owner in April, 2016 and they have a perfect payment history to date.

Does anyone know of any banks that are open to lending on a wrap like this?

Any help is greatly appreciated.

  • Mark Vitek
  • Loading replies...