Is it possible to buy 7/7/1

[Johnny Quilenderino]

Good evening BP,

I have been going through Zillow and Trulia and found 3 duplexs on 1 MLS (x2) and a 7 plex.

Hard spot is three different sellers. Three different sellers under the same real estate company.

Is it possible to offer full price, package them all together one loan albeit commercial?

So it would be 7 buildings, on 7 parcels under 1 loan. Are there any loan companies that would even bite at that? So far it has been slim pickings for loans but I like the challenge!!!!! I do have the 25 percent downpayment as required. I am still working the system to get rent roll and last years taxes.

Just checking the pulse of BP to see if anyone has tried this.

Thanks in advance.

Johnny

[Johnny Quilenderino]

Team BP,

So after being on the phone for a couple of hours today here are my updated stats for loans:

For my blanket loans currently pending rent roll

6% apr. with a 10 year term and a 30 year am. Requires an LLC.

6-8% apr with full 30 year term and am. Does not require and LLC

6-8% apr with 5 year term and 25 am Requires an LLC

Now I am just waiting on rent rolls/leases/vacancy rates to come in so i can finish the package to my possible lenders. 

Cheers,

Johnny