Portfolio Lender in Portland Oregon

3 Replies

Hey all,

I'm looking for a portfolio lender in Portland that will allow me to use the equity in my current investment property to purchase additional investments. Any guidance or advice would be greatly appreciated.  

@Nate Lindquist  What you are looking for is a lender that will give you a cross-collateralize loan. My understanding is that they typically want to a few properties to do that.

With one investment property, you best option would be to do a cash-out refi.

Upen Patel, Mortgage Banker

Federal NMLS# 1374243

@Nate Lindquist Upen is correct if you can do a cash-out refi you will get the best rates. 

Most of the NOO portfolio lenders I am currently seeing are looking for multiple property blanket loans. I know of at least one that will do a single home refi to 70%, stated income.

I have not used them in the past, but they keep trying to get into our office. Happy to discuss your plans and see if I can help.