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Updated over 4 years ago on . Most recent reply
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Investor friendly lenders in Indianapolis
My partner and I have recently purchased a TK property with cash that we are having a difficult time getting refinanced (via delayed financing). The issue seems to be the purchase price being <$100k (it was $92k). Does anybody know of any investor friendly lenders in Indianapolis that will lend on a 30 year term (ideally 80% LTV) for rental properties? Any help greatly appreciated.
Best,
Ryan
Most Popular Reply
+1 for Aaron Chapman with SNMC, I've done a handful for my Indy properties. He's still doing refis on investment properties (75% LTV on SFH, 70% on 2-4 units I believe). Appraisals and loans are taking much longer in general, but he's got a great team and do all they can to move the process forward.