Ideas on good investor friendly lender to refi rental properties

[Joseph Pytcher]

Long story short, I am starting to buy rental properties as part of my portfolio outside of flipping homes and have a lender that will lend me (short term)100% of the purchase and rehab but I am needing a lender I can refi to once I've bought, updated and leased out the home. 

Any suggestions? Preferably would like someone locally in Dallas and that does asset based lending. I'm not wanting to go through the conventional channels. Just looking for a lender that specializes in rental properties I can refinance into. Looking for suggestions!

Thanks! 

[Patsy Waldron]

Lots of private lenders make long-term loans on rental properties. Just off the top of my head: Lima One Capital has a program called Rental360; LendingOne has RentalOne; Marshall Reddick has a long-term loan program.... All of these are 30-year fixed-rate loan programs that rely on the performance of the property. Higher interest rates than traditional banks, higher fees, but similar down payment requirement (20-25%).  Less paperwork and hassle, too.