Chicago Portfolio Lenders

[Kevin Zielinski]

Hello, are portfolio lenders a good option for a first time non owner occupied investment property purchase? Or should I stick with traditional financing?

[Mark Ainley]

@Kevin Zielinski I was talking with a quality lender friend of mine this week and he has loan products for 2-30 units for 30 year fixed in the high 4%.  The 30 year fixed is what blew my mind at such a low rate.  They are here in Chicago if you want an intro but they are also in Dallas, San Antonio, Florida, and Boston.  If you can still do it under your name for a 30 year fixed Fannie/Freddie backed product that is usually your best route.