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Updated almost 8 years ago on . Most recent reply
What rate are you getting from your portfolio lender?
Hi Bigger Pockets!
Thought I would do a sanity check and see what kind of rate others are seeing from their portfolio/nonconventional lenders. Specifically the financing terms your getting on your 11th+ homes. My lender is giving me 7% interest, the fees are reasonable and I could buy it down to 6.5%ish but the numbers don't make sense so far so I haven't opted for that.
Just thought I would see if this is competitive or if there is room for me to find better financing. I really miss getting 4-4.5%!
Thanks!
Jeff
Most Popular Reply
Peter Tverdov
Agent
Property Manager
Pro Member
- Real Estate Broker
- New Brunswick, NJ
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Why not just get commercial loans? Commercial is in the 4s.
- Peter Tverdov
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- 732-289-3823