Commercial Loan Strategy that groups multiple properties together
2 Replies
Mark Wurtemberg
Investor from Alhambra, California
posted over 3 years ago
Seeking a lender in the St. Louis area.
I listened to a podcast recently that discussed the idea of obtaining a Commercial Loan to purchase multiple properties together in one loan. I like this strategy. I currently own 4 doors with no mortgages in the St. Louis area. I am curious if I could re-finance into one of these Commercial Loans to pull money out to invest elsewhere. If so, I would love recommendations of a lender in the St. Louis area that can help me get started.
Ryan O'Mara
Lender from Des Moines, IA
replied over 3 years ago
@Mark Wurtemberg There are permanent lenders who do blanket loans for 1-4 unit properties that allow for cash out refi. Shoot me an email and I can provide more info.
Kevin Dureiko
Lender from Bolton, CT
replied over 3 years ago
We can put together those terms