Commercial Lending on Bundled SFR
I am a hard money lender and part of my pitch is that after the borrower has added value to the SFR he can get a loan at a lower rate from a bank and pay me off. This has indeed worked but some are wanting to put all of their properties under one loan. I understand that major banks refuse to do this because of federal laws. It strikes me a strange that a major bank would not consider this a commercial loan and be freed of all the home buyer legal requirements Is this seems like an opportunity for smaller banks or well funded private lenders? I feel like I am missing something here.