I'm interested in portfolio lending

[Seth Johnson]

I have maxed out my 10 fannie mae loans and am curious to hear input on porfolio loans. I have 4 quadplexes that currently have traditional fannie mae loans, that I am interested in grouping into a portfolio loan. I have no intention or need to sell any of these properties in the next 10+ years, so grouping them and losing some possible liquidity is not an issue. The current combined debt on the 4 quadplexes is 350K. The combined value of the properties is approximately 1.3 million. This would be about a 27% LTV. I'm not really interested in taking any cash out, I just want to free up the 4 loans on my balance sheet.

What terms should I expect to receive if I go the portfolio route (interest rate? amort schedule? closing costs? etc? )  

What experiences have you guys had both good and bad, working with portfolio loans?  

Love to hear any feedback or suggestions that you have.