portfoloio lender in Denver

[Scott Lepore]

I am looking for a creative portfolio lender for rehabs to rentals in Denver. I talked with 1st bank but they want me to have owned the rehab for a full year before they will refinance me 75% LTV of the ARV. Otherwise they will refinance at 75% of pre-fix purchase price for refinancing sooner than a year. That obviously wont work and of course I am not going to hold the house for a year while paying hard money rates. If you live in Denver and know any lenders that might be more flexible please let me know. Thanks.

[Dan Mackin]

Elevations CU can be pretty flexible. Supposedly Vectra bank can be as well.