Portfolio Loan Contacts

[Benjamin Lapidus]

Hi BP,

I have a local bank that has historically offered me a cash out ReFi with the following terms:

5.75%
25 am
10/1 arm
75% LTV
2 Points
No seasoning on title

The bank has recently been acquired by another bank and is no longer investing in this asset class. I have 2 outstanding SFR's that need to be refinanced ("exit financing").

Does anyone have any contacts in Richmond, VA or nationwide lenders that can offer close to if not equal or better than the terms above?

Ben

[Rich Lennon]

Mark Spencer.  Senior Vice President at Bank of Virgnia. If that does not work let me know and I have a second guy, but I would recommend Mark first.  Let him know I sent you