I’m looking to refi one of my properties and purchase another. My usual loan agent is no longer in the business, I’m looking for someone I can build a strong business relationship with.
Can anyone recommend a reliable Loan Agent or Mortgage Company in SF Bay Area?
Depending on how many properties you own you might be up against Fannie/Freddie limits on max # of financed properties being 4. A portfolio lender doesn't sell to Fannie or Freddie and retains their loans, making them able to do more than 4. Right now we have a portfolio lender who'll do more than 4 but the rates aren't attractive at all - around 9%. But it's cheaper than hard money. If you are financing 4 or less then options are plenty.
Danny,
You didn't mention the type of property you were looking to refinance. Shane's comment on the maximum number of loans for residential may be true and a hurdle to overcome.
Commercial property lenders are still in the market. I know a few that I could refer you to.