Single Family Portfolio Loan 1MM+

[Bill H.]

Hello All,

We currently have an LLC that owns about 24 single family rentals in MD. They're currently financed with a local bank at 4.75%. They're fixed for 5 years and then adjust, we have 3 years left before the next scheduled adjustment. The loan size is about $1,100,000 and the LTV is 25% or less.

Any suggestions on finding a fixed loan product for a rate and term refi?  The local banks in my area have a dramatic rate increase for anything fixed more than 5 years. Thanks for any info.