Portfolio Lender in Indiana?
We are looking to acquire a 10 unit complex of duplexes (5 buildings) along with that we would like to roll in our self-storage facility and a SFH rental. I will be calling local banks Monday to float it past their commercial departments but in the meantime does anyone have a recommendation of where to look to put this package together. The raw numbers are combined value 1,070,000, loan desired $810,000, gross income 134,900. This would involve refinancing the storage and sfh and acquiring the duplexes. Expenses are 38,750 per year (known, not guestimates) leaving 96,150 for debt service, taxes and profit. Property taxes and insurance are already accounted for in the expenses.