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Updated over 3 years ago on . Most recent reply

User Stats

31
Posts
13
Votes
Jack Rozema
  • Attorney
  • Manhattan, KS
13
Votes |
31
Posts

Closing costs on portfolio loans

Jack Rozema
  • Attorney
  • Manhattan, KS
Posted

Looking at going under contract on a 10-unit portfolio. It’s 3 different properties: duplex, triplex, and 5-unit. Ideally I want to do some sort of bridge/fix and flip option for renovations and then refi around 2.5/3 years once increased rents are stabilized.

What can I expect for closing costs for both types of financing? Or if it “depends” too much, depends on what? What are steps to ensure you don’t overpay other than shopping lenders?

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