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Updated over 5 years ago on . Most recent reply

User Stats

20
Posts
2
Votes
Robyn Henderson
  • Brooklyn, NY
2
Votes |
20
Posts

Portfolio Lenders in Brooklyn, NY

Robyn Henderson
  • Brooklyn, NY
Posted

I'm interested in doing a cash out refinance on on non-owner occupant 1-4 family in Cobble Hill worth about $3M. Are any of you aware of portfolio lenders where I can find non-agency/nonconforming loans? I'd like see how much I can pull out at a reasonable rate. 

Freddie/Fannie limit loans to $1.1M. One bank offered me agency loan of $1.1M for 5.75%. I'm trying to see if there are local banks that will allow me to pull out more so I can purchase additional properties into my portfolio. 

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