Residential Portfolio Blanket Loans

[Miguel De La Riva]

 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.

Here is a Program Summary:

Loan Amounts -  $500k to $100mm

Loan Terms -  5, 7, and 10

Asset Types -  portfolios of 1-4 unit SFR, Townhomes, and Condos

Security - Cross collateralized and cross defaulted first mortgage and equity pledge

Borrower Entity - LLC or other commercial entity

LTV -  up to 70%

Amortized -  up to 30 years

 

[Stephen Gene McMurray]

Miguel,

Friend me. I am interested in what you have. Thanks.