Memphis Portfolio Lender

2 Replies

Any good recommendations for a Portfolio Lender in the Memphis TN area? Looking to purchase a rental portfolio of 4 SFR properties.

Any comments will be appreciated.

Thank you.

Originally posted by @Cesar Lara :

Any good recommendations for a Portfolio Lender in the Memphis TN area? Looking to purchase a rental portfolio of 4 SFR properties.

Any comments will be appreciated.

Thank you.

 Hi Cesar are you keeping all properties in one transaction? I ask because, with a portfolio, you will be stuck with all 4 properties and will be difficult to sell or refinance a single location if you need too. There are lenders that will bundle the loan with all 4 locations and save you some money on closing costs. Also, there will be a minimum per door value and my final question will you be needing rehab money?

Hey @Cesar Lara -- I'm assuming you're no longer looking but if by any chance you are, I'm more than happy to see if I can help. It depends what the purchase price per property is. Portfolio loans usually have a lower min loan amount on a property level but a total min loan amount should be achieved. Let me know!