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Updated over 9 years ago on . Most recent reply

User Stats

16
Posts
16
Votes
Fred Helm
  • Investor
  • Louisville, KY
16
Votes |
16
Posts

Blanket loan

Fred Helm
  • Investor
  • Louisville, KY
Posted

Hello all, 

Hey I was wondering, I live and invest in Louisville Kentucky. Does anyone know a bank that will do blanket loans on rental properties? I have 4 single family houses all valued between $40 &50k each and I would like a loan of $100k collateralized by the four properties for as long a loan add I can get. 30 yr being my best option but even a 15 year would be great. If not, do you know where I can go?

  • Fred Helm
  • Most Popular Reply

    User Stats

    936
    Posts
    737
    Votes
    Thomas Franklin
    • Real Estate Investor
    • Miami, FL
    737
    Votes |
    936
    Posts
    Thomas Franklin
    • Real Estate Investor
    • Miami, FL
    Replied

    Fred Helm Several people have suggested you purse Local Banks. I would take it a step further. Research Community Banks and Credit Unions. These institutions have a vested interest in their Local Communities and typically offer better terms then Regional and Big Banks.

  • Thomas Franklin
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