Loan type to purchase a group of properties
I have an opportunity to buy 8 houses in a single deal as buy and hold investments. My thoughts are to get a loan from a bank to cover the majority, if not all of, the purchase. Anything they won't cover, I want to use a private lender to cover the difference. My question is, does anyone know of a loan type that would cover this type of purchase? The purchase price for the houses is 240k and they are worth approximately 350k. All of the houses currently have tenants in place. Any advice would help. Let me know if you need more information.