Need help!! Blanket loan on 10 properties.

[Carlos Handler]

Hi everyone! I need some help. I have a few options. I’m thinking about selling 10 properties in Southern California. Im not sure if they would even sell. 

Option 2 would be to get a blanket loan on all the properties and take out the equity on them. Has anyone done this before? Does anyone know any lender that does this? 

I would like to take my funds and invest out of state. Missouri, Arkansas 

thank you in advance! -Carlos 

[Wyatt Wolff]

You'd probably be talking about a portfolio loan. Plenty of lenders do them, no problem. What dollar amount are you looking at? 10*40k properties @400k total is a lot different than 10*400k @4MM value