Bank financing or other?

[Jason Kinkle]

Hey all, new to the site. I have a handful of rentals mostly purchased with cash. I've been looking at buying a larger package that will require some leverage. Most banks are uninterested, including local, regional and credit unions. What is the most effective source of financing for portfolio purchases between $1-2 million?

[Amy Little]

@Jason Kinkle I would keep calling banks and credit unions to see if someone would take the portfolio loan. I know they can be done it is just finding the right lender. Make sure all of your supporting analysis on the cashflow of the properties is spelled out clearly for a lender. 

Another option would to take out a HELOC (or a couple) on your investment properties. PenFed is one of the few credit unions that will give you a HELOC on investment properties. You'll pay more in interest, but you'll have access to the capital you need.