Portfolio Lenders in Brooklyn, NY
I'm interested in doing a cash out refinance on on non-owner occupant 1-4 family in Cobble Hill worth about $3M. Are any of you aware of portfolio lenders where I can find non-agency/nonconforming loans? I'd like see how much I can pull out at a reasonable rate.
Freddie/Fannie limit loans to $1.1M. One bank offered me agency loan of $1.1M for 5.75%. I'm trying to see if there are local banks that will allow me to pull out more so I can purchase additional properties into my portfolio.