Long term rental refi product

[Ben Sturgill]

HI all, 

My partner and I are looking for a long-term rental refinance product for single-family homes. We have been doing a lot of flips with a LOC and hard money for the down payment. However, we plan to start retaining these in a long-term rental portfolio. Once renovated, rented, and stabilized we are looking to refinance the properties with a long-term loan. I've been told of a product that fits this criteria but it would require lumping 5 properties together at once. Does anyone know of a product to do this one at a time? THanks

[Jay Hurst]

Quote from @Ben Sturgill:

HI all, 

My partner and I are looking for a long-term rental refinance product for single-family homes. We have been doing a lot of flips with a LOC and hard money for the down payment. However, we plan to start retaining these in a long-term rental portfolio. Once renovated, rented, and stabilized we are looking to refinance the properties with a long-term loan. I've been told of a product that fits this criteria but it would require lumping 5 properties together at once. Does anyone know of a product to do this one at a time? THanks

@Ben Sturgill  No reason at all that you should have to do this 5 properties at a time. There are any number of products that would allow you to refi out of the hard money loan one at a time.