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Private Lending & Conventional Mortgage Advice

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Tom Murphy
Pro Member
  • Rental Property Investor
  • Salisbury, NC (Charlotte area)
5
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39
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Investor to take my 1st position on rental portfolio in WVA

Tom Murphy
Pro Member
  • Rental Property Investor
  • Salisbury, NC (Charlotte area)
Posted Apr 4 2020, 07:54

Looking for advice on how to get in front of private money lenders who would be willing to take my 1st position in a portfolio of six SFHs and one duplex in Charleston, WVA.  My acquisition loan is at a high interest rate and the owners (and I) are wanting to refinance to a lower rate.  All properties are stabilized with long term renters, most all of which have leases through January 2021.  Monthly gross rent is $4660.00 with net $3347.00 (reflects deducting taxes, insurance, utilities and management).

Is there an outlet where private lenders typically look for portfolio investments?  Thank you.

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