Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

126
Posts
55
Votes
Ryan ODonnell
  • Flipper/Rehabber
  • Westchester, IL
55
Votes |
126
Posts

Help with Blanket Loans on multiple SFH's

Ryan ODonnell
  • Flipper/Rehabber
  • Westchester, IL
Posted

I'm hoping someone here has done a blanket loan on multiple SFH's. They are telling me that they can possibly do a release clause, but is there anything else I should be wary of?
At 7.25% over 25 years they seem to cash flow fine. I just used those numbers because with a 740 credit score I would think I could do better right now. LTV would be somewhere around 69%.
My situation seems unique because separately I don't qualify for loans (they're in my company name, company has only been in its first year, seasoning, etc.), but with commercial loans isn't it all about the properties and the cash flow?

Any advice would be great...

Loading replies...