Putting all your mortgages into one Commercial Loan

Multi-Family and Apartment Investing
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Putting all your mortgages into one Commercial Loan

Andre TaylorPro Member
Rental Property Investor · Chicago, IL · Member since 2017 · 219 posts · 180 votes

Has anybody went from having multiple mortgages on their properties to wrapping them up in one commercial loan? If so what are the pros and cons?

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  • Greg Dickerson
    Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    6y
    Originally posted by @Andre Taylor:

    Has anybody went from having multiple mortgages on their properties to wrapping them up in one commercial loan? If so what are the pros and cons?

    There's no real advantage to this and in fact it's better to keep them separate for LTV, refinance and sales purposes.

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  • Andre TaylorPro Member
    OP
    Rental Property Investor · Chicago, IL · Member since 2017 · 219 posts · 180 votes
    6y

    What about being able to have the loan under your business name vs your personal name from a liability standpoint?

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