4 Property Package - Seeking Rental Financing
Hi BP!
Im under contract on a package of 4 Single Family Rentals in Cypress Tx. All 4 are in great condition and tenant occupied. I'd like to see who you guys would recommend for financing options for these? I'd love to find a lender who'd lend on appraised value instead of contract value as i'm buying at a discount. I know this may not be an option, but figured id ask.
Id like to buy them in my current LLC that holds my other properties rather than take on more loans in my personal name, but of course happy to guaranty them personally.
Let me know what options are out there and what kind of LTV, rates, and fees you're seeing?
Thanks in advance!