Miguel De La Riva's Posts - Real Estate Finance2024-03-29T06:47:53ZMiguel De La Rivahttps://realestatefinance.ning.com/profile/MiguelDeLaRivahttps://storage.ning.com/topology/rest/1.0/file/get/69873671?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://realestatefinance.ning.com/profiles/blog/feed?user=2ois000np0e6o&xn_auth=noResidential Portfolio Blanket Loanstag:realestatefinance.ning.com,2014-07-25:6517464:BlogPost:1897532014-07-25T21:28:40.000ZMiguel De La Rivahttps://realestatefinance.ning.com/profile/MiguelDeLaRiva
<p> If you own more than five residential investment properties (1-4 unit) you may have come to a fork in the road where you have to decide between cash or hard money to acquire new properties. Or maybe you acquired your properties when lending rules were different but now you cannot refinance them to get some cash out. Consider a blanket loan. This will allow you to have one loan for all of your properties under an LLC and will free up our personal credit to acquire more properties at…</p>
<p> If you own more than five residential investment properties (1-4 unit) you may have come to a fork in the road where you have to decide between cash or hard money to acquire new properties. Or maybe you acquired your properties when lending rules were different but now you cannot refinance them to get some cash out. Consider a blanket loan. This will allow you to have one loan for all of your properties under an LLC and will free up our personal credit to acquire more properties at market interest rates or even just free up your credit to refinance your own home.</p>
<p><span style="text-decoration: underline;">Here is a Program Summary:</span></p>
<p><span><b>Loan Amounts</b> - $500k to $100mm</span></p>
<p><span><b>Loan Terms</b> - 5, 7, and 10</span></p>
<p><span><b>Asset Types</b> - portfolios of 1-4 unit SFR, Townhomes, and Condos</span></p>
<p><span><b>Security</b> - Cross collateralized and cross defaulted first mortgage and equity pledge</span></p>
<p><b>Borrower Entity</b> - LLC or other commercial entity</p>
<p><span><b>LTV</b> - up to 70%</span></p>
<p><span><b>Amortized</b> - up to 30 years</span></p>
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