Birmingham AL, Local Portfolio Lenders

[Daniel Nicol]

Hey BiggerPockets Community, 

I'm investing in my hometown of Birmingham Al. Does anyone have a good recommendation for local lenders (credit union, community or smaller regional bank) that they've worked with for finanicing? I have two FNMA loans on investment properties that I got through a large bank. I'm pretty comfortable with that process. I'm looking for someone smaller that might give me more options. Specifically I have one house that I bought with cash in December that I'd like to refi, and i'm hoping to do that earlier than the 6 month wait period ~40K value. I also have a two units on a single parcel that I'm rehabbing now and would like to refinance once I've stabilized tenants ~65K value. I'd also be interested in a HELOC on an investment property that I currently have ~100K of equity in (not completely opposed to a full refi if that's what makes the most sense numbers wise).

Thanks!

[Rob Drum]

@Daniel Nicol

Central state bank and Bryant bank will look at doing these type of loans for locals. A couple others will too.

I wrote a post about local portfolio lenders on my blog. Google portfolio lenders Birmingham. I think it’s the top result.