Refinance multiple properties

[Mike Joesph]

is it possible to refi 4 of my properties all at one time ?

[Marty Johnston]

@Mike Joesph, Both! You can do either or. Typically, it's actually less common for lenders to allow blanketing of properties, and those who do require all properties to be very close to each other (same city) or some even require side-by-side properties to blanket. But you have both options.

If you do 4 separate loans, keep in mind that will be 4 separate underwritings, and 4 sets of closing costs - they're all based on a loan amount percentage typically, so this won't break your bank, but will likely add  some fees. The benefit however of doing 4 separate loans is that you then have the ability to refinance, sell, or reposition each property individually down the road, something that is more difficult to do when blanketing all properties under one mortgage.

Hope this helps!

Marty J