Looking for Portfolio Lender for 2-4 Units non owner occupy for Los Angeles area property. 1/6/2013

Asked by khoylow, Los Angeles, CA Sun Jan 6, 2013

Want to purchase 2-4 units Los Angeles area. I do not qualify for conventional loan, because my total loan to vaulue is too high. I have a high Fico score. Is there any portfolio lender that will lend (fund)?

Help the community by answering this question:

+ web reference
Web reference:


Stephanie Me…, Agent, Schenectady, NY
Mon Jan 21, 2013
If you don't have enough cash to put down for a property in Los Angeles, you may want to consider going an hour or two outside of LA and you will find much more affordable properties that may actually cash flow better. How much of a down payment do you have to work with?
0 votes
Melvin A. Ca…, , Los Angeles, CA
Sun Jan 6, 2013
I have 3 units in Bellflower they are all rented getting good income every month give me a call perhap we can meet to discuss about a hard money loan
0 votes
I am not looking for hard money lender. Something like a soft money lender, around 5% fix interest rate 5-10 year.
Flag Mon Jan 7, 2013
Melvin A. Ca…, , Los Angeles, CA
Sun Jan 6, 2013
I can get you a hard money loan for 6 to 9 months with 20% down, then I can help you refinance call me I need more information

Melvin Castro
310 930 6572
Prudential California Realty
0 votes
Ron Escobar -…, Agent, Beverly Hills, CA
Sun Jan 6, 2013
You did not say loan amount nor LTV you need.. but try kent.bascom@nafinc.com

best of luck!
0 votes
SERGEY FEDNOV…, Agent, Beverly Hills, CA
Sun Jan 6, 2013
There is a 30 years loan programm that requires 30-50% down (depending on the property and your credit) and no need for income with interest rates under 5%.

Contact me if you serious and would like more info about this loan program.

Help with Any Real Estate Transaction - Buy or Sell  

Call me 424-777-9377 -  FREE CONSULTATION!  

Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777. 

Sergey Fednov 
President - Realtor® 
- Trust Sale Realty - 
Residential & Commercial Real Estate 
Toll Free: 1-855-TRUST-55 
Toll Free: 1-855-878-7855 
Phone: 424-777-9377 
Fax: 310-356-4925 http://www.TrustSale.com  http://www.TrustSaleRealty.com 
- We Hire CA Licensed Real Estate Agents - 
Lic# 01896869 
0 votes
, ,
Sun Jan 6, 2013
Portfolio lenders typically have more stringent LTV guidelines than Fannie/Freddie. Do you have other assets (liquid or real estate) you can collateralize the property with?

I'd recommend you look into BofI Federal Bank (stands for Bank of Internet) & Advancial Credit Union.

Shane Milne | Lending in all 50 states | NMLS #81195
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more