Commercial loan or alternative route for 12 units?

[Bob Cirino]

I am looking to acquire my first 12 units (4 properties) in Pennsylvannia and have set up an LLC to do so. I have 25% of the money needed to buy them but am not "bankable" because I don't have W2 income (self-employed). I am looking for alternatives other than seller financing to fund the acquisition and am wondering what the community thinks. Can I go after a commercial loan for all 12 units where the rents support the loan? These properties have great cashflow. Are there other routes? I

[Heather Easterbrook]

There are options available if you’re not going the bank route. You could do all the properties under an umbrella loan or four seperate loans. I have programs available for both, with rates currently starting in the 5-6% range. Qualification will focus on the property(s) and does not include income verification.