We are looking for portfolio lenders. We are located in Ohio. Please help!

  • October 11 2010 - Columbus
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Answers (4)

Best Answer

Try a huge bank like BOA or Wells that can afford to hold the loan.  If they shoot you down try some of the small local Columbus Credit Unions(Telhio, Members First, Columbus Metro).  Are you trying to buy homes with extra money on top for repairs?  And is it commercial or residential.

Paul
  • October 11 2010
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Just saw your question, have you contacted us? I would be more than happy to help you or give you some direction on where to go.
  • December 04 2010
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Try calling a few credit unions today that have offices <5 miles from the properties you are interested in.  Investment loans are a PITA right now, so plan on putting 20% down and a 660 score in going to be the minimum.  

When you are looking for properties make sure that there is no obvious H2O damage, roof problems, peeling paint, and there are GFCI outlets near water sources.  Stuff like this might get through a non owner occupied appraisal, but it will get shoot down in a FHA appraisal when you go to sell it as owner occupied.

Hope this helps.
Paul
  • October 11 2010
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Trying to purchase Residential Properties, sell as is, no repairs.
  • October 11 2010
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