Updated over 5 years ago on . Most recent reply
Refinancing on a four plex
Looking for a lender that will do 80% - 85% cashout refi in central Illinois (Springfield) area. Any help? Thank you!!
Most Popular Reply
@Chase Gruening, try Town & Country Bank and Prairie State Bank & Trust. Both are small local banks that have branches in Springfield that do portfolio loans. I have done lots of loans with PSB&T and also a handful with T&C with their branches over in Decatur. Their rates are very competitive as far as portfolio loans go, 5.0-5.5% on 20 year am with 5 year balloon. T&C recently started offering a 10 year balloon for a slightly higher rate (my last one was 5.80%).