Updated almost 4 years ago on . Most recent reply
Lending options for purchasing a portfolio of 5 residential homes
Opportunity to purchase a portfolio of 5 neighboring residential properties. Is it possible to bundle them into a commercial loan? Or does each property require a unique mortgage? Seeking advice on options, both conventional and creative.
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One caution about portfolio loans is if yiu want to sell one of the properties it can be very costly. Dont be fooled by no prepayment penalties as that usually applies to entire loan not selling off the collateral. I know of several investors who got stuck.