Getting ideas how to finance a five SFR deal

[Andreas W.]

I have the opportunity to potentially acquire a package of 5 SFRs. After calling my regional lender, I was told that now they limit mortgages to four instead of ten but they said if I put the properties on one contract, it gets handled as one mortgage. I have to dig deeper into this before I believe the one contract one mortgage option. My question is, what other financing options are on the market for SFR packages. I will hit lenders tomorrow and would like to ask intelligent questions to cut to the chase without wasting time. Any idea is appreciated.

[Jon Holdman]

There are lenders that will go up to 10 conventional mortgages. There are also lenders who will do commercial type mortgages for an unlimited number of properties, as long as the numbers work. You may have to make a LOT of calls - dozens - to find someone in your area, but they do exist.