Who is doing your lending?

[Lauren H.]

Hi Chattanooga! The market out here in Colorado is getting pretty hot, so I'm researching other markets. I really like Tenessee, so your area is on my radar. 

Specifically, what banks are doing your lending and what type of lending do you have? 

I'm looking at all options, traditional 30-year with 20% down, HELOC something that is paid in full, or refi.

Go! 

[Brian Levredge]

Lot's of portfolio lenders here in town.  The issue you will run into with them is that you are not local so getting them to lend to you will be an uphill battle.  The portfolio lenders I deal with are all commercial loans, so you're talking 20 year ams between 4.5-5% on average for rentals.