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Updated over 2 years ago on . Most recent reply

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Henry Centola
  • Plymouth, MA
1
Votes |
38
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Small Multi Family Portfolio Loan

Henry Centola
  • Plymouth, MA
Posted

Hello,

Looking for a bank south of Boston that is doing portfolio loans on small multi family non owner occupied. 

Thanks,

Henry 

Most Popular Reply

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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
1,931
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2,830
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied

@Henry Centola

Hopefully someone comments with a specific lender but, in my experiences; when I was looking for portfolio financing or small commercial financing; I would reach out to all local banks and credit unions within a 45-60 minute drive of the property and ask if they lent on what I was doing. You will be surprised how many lenders actual lend on multifamily but do not advertise it on their website. It will take you an afternoon but, you will find someone who will. Then you can compare terms, rates/spreads etc.

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