Looking for portfolio lenders in the denver area.

Asked by Tim Childs, Wed May 21, 2008

I am Looking for a portfolio lender for my clients. Looking for non-owner occupied products with reasonable LTV's

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4
Ray Williams, , Denver, CO
Wed May 21, 2008
Hi Tim,

It depends on what is your reasoning for needing a portfolio lender? Is it because you are working with what appears to be a non-warrantable situation? If that is the case , you may actually be surprised to know a few things. If it is because of seasoning issues on title then conventional will still be fine. If you are looking for hard money, I have a great contact but would have to talk to you first as he works by referral only. Tell me a slight bit more about why, and what and I can see what I can do to point you in the right direction.

Sincerely,

Ray Williams
Summit Home Mortgage
Branch Manager
FHA / VA / Conventional mortgage banking consultant
1 vote
Michael Pytel, Both Buyer And Seller, Denver, CO
Mon Aug 18, 2008
I'm not an agent nor a lender, but am interested in finding out more about portfolio lenders in the metro area. I've got a beat on four properties in the commerce city area which are under $50k to purchase and could easily be rented as is for $750/mo or more. The vacancy rate for Adams county is well under %6...the lowest in 10 years. Traditional lenders are not the route for me. Any advice or consultation would be appreciated. I'm eager, hard working and looking to capitalize on the down market. Please reach out if you have time...michael.pytel@gmail.com
0 votes
Kathy Torline, Agent, Colorado Springs, CO
Wed May 21, 2008
Tim: Contact Anza Goodbar (President) of Clearview Mortgage. She has a good selection of products and does a great job. Her email is: Anza.Goodbar@clearviewmtg.com. If you want her phone number; email me and I'll forward it to you. KTorline@msn.com
Web Reference:  http://www.kathytorline.com
0 votes
Ben Edgson, , Indiana
Wed May 21, 2008
Hi Tim,

How quick is expected turnaround on the property? In other words, how long will your clients hold onto the property?

Ben Edgson
Mortgage Broker
Ben@bythebrookemortgage.com
0 votes
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