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Updated 10 months ago,
Looking for 90% LTV Portfolio Loans
Hello,
I have never gotten a portfolio loan yet, but they seem like a good option for certain situations.
Do these loans go up to 90% LTV with no PMI?
I also saw something about cross collateralization too, would be something that I might need.
If so, does anybody know of a lender that can do a deal like this?
I have a bunch of properties in a certain area, but its an appreciation market.
I am trying to sell those and buy in a market with much higher price to rent ratios so I can get the monthly cash flow I want to get to.
All of the properties are cash flowing a lot. But there price point is under the 75k mark that almost all dscr lenders are looking for.
Another option would be does anybody have a dscr lender that can loan on lower priced properties that can cash flow?
Just looking for the best option going forward.
Any help would be greatly appreciated.
Regards,
Michael