Updated over 9 years ago on . Most recent reply
Portfolio lenders in Indianapolis?
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!



