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14
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Brandon Mattingly
  • Investor
  • Valparaiso, IN
7
Votes |
14
Posts

Lending Solution for 3 Single-Fam on 1 parcel

Brandon Mattingly
  • Investor
  • Valparaiso, IN
Posted

There is a property I'm looking at in my area that has three 2/1 SF homes on one parcel of land. The seller is not willing to split up the homes and sell them separately.

Sold as a "bundle" these homes would be a pretty good deal.

Current obstacle I'm facing is my lender made it clear that he would not be willing to finance the deal. The reasons being 1) Freddie Mac / Fannie Mae likely would not buy the loan and 2) he's never done financing on a deal like this before.

I've asked my lender how he's seen it done before, but I've gotten radio silence since then.

I'm curious what my options are aside from cash.

Thanks in advance everyone!

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