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Updated over 8 years ago on . Most recent reply
#3 General Real Estate Investing Contributor
- Investor
- Indianapolis, IN
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Portfolio lenders in Indianapolis?
#3 General Real Estate Investing Contributor
- Investor
- Indianapolis, IN
Hi all,
I have a rental property in Indianapolis that I want to refinance and am running into some issues. It's a duplex with a detached third unit, and apparently this violates Fannie Mae guidelines (silly, but it seems that's just the way it is). I can't get a normal residential loan and the commercial loans have adjustable rates and require more equity. Since Fannie Mae won't permit it, at this point I'm looking around for a portfolio lender who might be interested in doing a residential loan. Does anybody know anybody? I'd much appreciate any tips! Thanks!
Most Popular Reply
bank of the Internet and first key lending have products for you depending on your ltv. First key is the only one I know that would do a 30 year fixed Portfolio if that's what you're looking for.
What value and loan amount are you looking for.