Central WI investor friendly banks / credit unions
Looking for any advice or leads to institutions that are investor friendly in the central Wisconsin area. Looking to plan for re-finances or cash out re-finances but currently not getting the results l'm hoping for. Current issues I'm running into is:
1) Won't refinance any investment property if I already own more than a certain number of rentals.
2) Terms don't make sense for re-financing (high interest rates of close to 7%, limited fixed rate options, etc)
3) Just don't know what they're talking about...
Any leads with known banks or credit unions would be appreciated. I've called a few in my area and will continue until I find the right one!
Most Popular Reply
@Greg Neuman, check out Paper City Savings in the Plover area, David Cooper is our guy there. They do portfolio loans, so not 30 years fixed, but still good terms. Our last one was around 5%, fixed for 10 amortized for 25, 20 percent down. I have not yet done a refi there, but know they offer them. Let him know I pointed you that way ;-)
@Jeff Dulla, do you do long term fixed rental financing in WI? I have no current ones other than my primary, but am leaning that way to lock in some rates for some very long term holds I am lining up to buy. My local bankers seem to have a lot of 'overlays' that they want to apply to their way of doing things.
Thanks, Dan Dietz