Applying for multiple loans at the same time
We have been blessed with acquiring multiple properties in the last 5 months (paid cash for them) . We are implementing the "BRRR" philosophy. in addition I'm in the process of financing a 4 family (on the personal banking side) better terms and conditions.
When I asked my loan officer if I could start the process to refinance the first of 4 completed rehabs He said We can't start the process till we've closed this loan. If I go to another lender will I be jeopardizing the loan process on the 4 family? Really can't I do multiple loans at the same time? Do I have the same situation on the commercial lending side of a lender?
