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Updated over 5 years ago on . Most recent reply

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NE Wisconsin investment property lenders 80% LTV???

Posted

Do they exist? Any recommendations for local banks or other institutions with the possibility of 80% LTV loans on investment single family,duplex, triplex, or 4 unit properties?

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Daniel Dietz
  • Rental Property Investor
  • Reedsburg, WI
857
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1,409
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Daniel Dietz
  • Rental Property Investor
  • Reedsburg, WI
Replied

Hello @Richard M Rajchel and welcome to BP.

We use Paper City Savings in the Stevens Point area and our lender is David Cooper there. As long as you have the right deal, meaning a DSCR (read up on that if you are not familiar with it) of 1.2 or better things go super smoothly.

Out last one was 20% down, 5.3% fixed for 10 and amortized over 25. Low fees too compared to some I see out there. Tell him I sent you :-)

Dan Dietz

  • Daniel Dietz
  • [email protected]
  • 608-524-4899
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