Options for getting more than 10 mortgages

[Adam Craig]

I am approaching my 10 max Fannie/Freddie mortgage mark. From the research I have done it looks like my only options are to find a portfolio lender which I have had a hard time doing OR you can get commercial loans and lump multiple properties into one loan.

Can someone explain the commercial loan side ... how it works/advantages/disadvantages.

Thanks

[Brie Schmidt]

@Adam Craig - If you are dealing with sub $250k properties you would probably want to to a LOC if you are buying one at a time. You could also seek out a portfolio loan and move your 10 to that and then continue to buy as you have.

Anish covered most of it. I am currently in the middle of closing a portfolio deal for 9 properties. It is a 25 year payment schedule (amortization) with a 5 year balloon at 5% (Could have done 3 years at 4%) with a 75% LTV (Maybe 80% they said)