Portfolio Lending
Hi BP,
I am curious to know about portfolio lending. I had a banker tell me about it. I am looking to cash out a hard money lender on a rental investment property purchase. The banker informed me that his bank is "true portfolio lender." Wasn't sure what that meant. What are the pros and cons that someone should be aware of with this type of loan program?
Also, are there any portfolio lenders in the Boston, Ma region?