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

 

Views: 48

Comment

You need to be a member of Real Estate Finance to add comments!

Join Real Estate Finance

Comment by Stephen Gene McMurray on August 9, 2014 at 8:56am

Miguel,

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

© 2020   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service