portfolio lenders Raleigh NC
I am new to the site so the info may already be available in this forum. A brief look didn't find any post that fit my situation exactly so here are my details? I have a 4 unit (two duplexes on same city lot) in Raleigh NC. Monthly rent is $3100/month for all 4 units. I want to refinance (current mortgage is 30 year fixed at 7%) but as my wife and I own an S-corp (retail shop) we don't have sufficient W-2 income to go the conventional route. Current mortgage is $228k tax value is $420k (2008 last time valued so I think this is a good conservative value). I've talked to First Key which will lend at 6% but with no cash out of deal. Anyone know of investor friendly portfolio lenders in Raleigh NC? Thanks,
Most Popular Reply
Try JoAnn Harper at Paragon Bank. Her number is 919-810-3807 and email is [email protected]