The more I look at your posting it brings up more ???
I am looking for financing-For how many properties? One or more? Are these new purchases? That they'll purchase and create a new loan in their name?
Or are these portfolios when you talk about blanket loans usually there's more than one. What type of rentals? SFR or apartments? New construction?
REO'S?
What's the Purchase Price?
The LTV is 60 % of what? The value of the property? 60% of the value their purchasing for? Or 60% of ARV?
This may need more explanation to get the answers you seek....
What is principals input and how? What amount of liquid $$$ does he have to put into the project? Especially if there's a minimum of 10% down necessary? These are most things any lender will ask.
Let us know!
Good luck!
Kathy
rental properties in Memphis, TN
refinance
blanket?
full documentation
720 FICO
60% LTV
better than 1.2 DSR