Looking for asset based/porfolio lenders in Colorado

Investor · Golden, CO · Member since 2013 · 37 posts · 4 votes

On several occasions it has come up that it makes more sense to keep a property for several years rather that flip it right away. I'm looking to connect with a portfolio lender in the Denver area that understands rentals. As I acquire more properties it become more difficult to finance properties with lenders that rely solely on debt to income to qualify you. If anyone has recommendations on asset base or portfolio lender in the Denver area I would greatly appreciate any input or contacts.

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Charlie Fitzgerald
Lender · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
10y
Let me know what you need...
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Travis Sperr
Lender · Denver, CO · Member since 2009 · 1k+ posts · 597 votes
10y
Solely asset based id very difficult to find at a LTV and cost that makes sense for long term hold. Send me a note I have a few contacts for rental property financing here in Denver.
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Sean RichwayBusiness Member
Lender · Chevy Chase, MD · Member since 2015 · 1k+ posts · 136 votes
10y
@Ted DeKowzan Feel free to reach out to me directly at [email protected] related to this. We would be able to offer a solution here to fit your needs.
Infinity Capital Finance4.48 Reviews
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Upen PatelPro Member
Lender · Nationwide Lender · Member since 2015 · 1k+ posts · 814 votes
10y
@Ted DeKowzan:

I am a national lender and we are investor friendly. I understand your dilemma of expanding your portfolio. That's where I come in. I can go up to 10 conventional loans per individual and give your 75% rental income credit from day one.
Would love to speak to see if I can be of help.
Upen Patel
Mortgage Banker, National Lender
web: loansbyupenpatel.us
The Federal Savings Bank
cell: (571) 331-5161
email: [email protected]
Federal NMLS# 1374243
[email protected]571-200-6180
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Bill S.Pro Member
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Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
10y
@Ted DeKowzan the only process I have found is the BRRR. Buy Rehab Rent Refinance. Buy with hard money. Rehab with my money, Refinance out of hard money and get my money back using a commercial portfolio loan. Repeat. Most deals won't support this model as the purchase price and rehab costs are too high to completely fund the deals with the equity requirements on the refi end. The other concern is generating cash flow on the back end as the rent to cost ratios are so low here in Denver.
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Willem Young
Real Estate Professional · Jacksonville , FL · Member since 2015 · 112 posts · 13 votes
10y
B2R financing will do portfolio loans based on DCR (Debt Coverage Ratio) just like a an apartments building is evaluated. They won't focus on your DTI like conventional lenders. There are others as well we refer our clients to that are in your same boat. Same with clients looking self directing their IRA's, business entities, trusts and foreign nationals.
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