Portfolio Loan Experience

[Chris Shepard]

Hi all,

My business partner and I have exhausted our Freddie/Fannie loan capabilities.  We both have 10 mortgages in our name.  Mainly our portfolio consists of small multifamily properties and we have 30y fixed financing on all of them.

The portfolio is at about 65% LTV currently. And out of the 20 properties we've got about 8 that are between 40 to 50% LTV around 5% or 6% interest rates with plenty of cash flow to support a 75% LTV 30y Loan. I am interested in packaging them together in a portfolio loan.

Does anyone have experience with Portfolio loans? What kind of rates and LTV's are available out there? Is there a lender that specializes in these loan that you know of?

Is there something else I should be considering that I’m not thinking of?

Thank you!