Need Blanket Loan for $1.1M OR Line of Credit against 7 Free-and-Clear Properties

[German Chavez]

I want to keep it as simple as possible.

I'm a Consultant with a Client that wants to do the following:

--------------------------------------------------------------------------------------------------------------------------------------------

Hello German...I am looking for financing for my buy and hold projects.
My typical deal is I purchase a SFR on a R-2 lot in the $230k to $280k range depending on condition of house and lot size.
Build a second unit which cost about $85 per square foot to build. Then I rent out at market rent normally thru section 8. I normally have a positive cash flow of $1500 per month. I am currently looking for financing on these three projects:

1. In Los Angeles I have added two additional units and this property is now a triplex.
Unit mix 1-4 bed 2 bath and 2-2bed 1 bath. Comps in the $700k range. Refinance amount $365k.

2. In Los Angeles I have added a unit and this property is now a duplex. Unit mix 1-2 bed 1 bath and 1-4bed 2 bath. Comps in the $600k range. Refinance amount $350k.

3. In San Gabriel, CA.. SFR with comps in the $650k range. Refinance amount $385k. Rented for $2k per month.

I am looking for a interest rate of 5% or lower 30 year fixed due in 10 years.

In regard to buy and flip just present me with your best terms along with underwriting guidelines.
I am looking for the highest leverage possible. That allows me to do many deals at one time.

It would be ideal if you can put a program together where I can buy property add my second unit you provide purchase and construction financing then convert loan into long term financing.

I have a very good FICO score 700 plus but I did have an apartment building under LLC in Arizona back in 2010 that was foreclosed on that I personally guaranteed.

I also own 7 Free-and-Clear Properties for a total of around $3M that I would like to use for my next investments.
If I can find a Direct Lender that can get creative and use my equity from these properties I own, to give me a Line of Credit or similar, I would be very interested in that as well.

I am looking forward to a long prosperous relationship.

*************************************************************************************************************

I had a Lender pre-approved him for a Blanket Loan but he didn't like the 6% Interest Rate.

Please contact me if you can work with me on this request.

Direct Lender Only Please!!!

Call me or e-mail me at:

[phone]

[e-mail]