Are others finding good portfolio loans in Arkansas for out of state investors? Curious if rates are decent enough for some deals I have seen to work out on paper for holds. Specifically interested in the Little Rock and surrounding areas, also Hot Springs for small multi-family (2-4 unit).
Hi @Stephen Stokes there are many local banks that can offer loans in Arkansas.
Most are offering "off the shelf" terms like 5 years balloon, 20 years Amortisation and interest rates between 5.75%-6.25%. you will need to shop around and negotiate from there. but remember with these local/ community lenders it is a lot about relationships.
The other option for 2-4 units is the Conventional lending, these offer lower rates and longer Amortization and fix term - did you consider that option?