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Updated over 7 years ago on . Most recent reply

User Stats

59
Posts
12
Votes
Tammy Patchin
  • Flipper/Rehabber
  • Irving, TX
12
Votes |
59
Posts

Portfolio Lender Recommendations

Tammy Patchin
  • Flipper/Rehabber
  • Irving, TX
Posted

Hello -

New to real estate investing!  Anyone use Portfolio Lending as a finance option?  If so, recommendations for Lenders?  Thanks much!

Most Popular Reply

User Stats

490
Posts
301
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Allan Szlafrok
  • Rental Property Investor
  • Long Island, NY
301
Votes |
490
Posts
Allan Szlafrok
  • Rental Property Investor
  • Long Island, NY
Replied

Colony American finance who recently changed their name to i dont know what. They will do it but their rates and requirements are steep. I would look into some local community banks who i know in my area are starting to fund some of these kinds of deals. Find a commercial mortgage broker the kind of guy who gets financing on bigger projects and they may be able to help you find a community bank who is looking to put capital to work in your kind of deal.

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