Financing wanted for 5 Free and Clear Properties in Ohio, Looking for a Long or Short term loan, depending on the terms...
Hi Mike, are the 5 properties currently rented and in a business entity name? What's the average value of the properties? For long term rental financing, majority of lenders have a $75k minimum loan balance per single asset, but there are certainly some portfolio lenders in the market that could provide a blanket loan as well.
If they're free-and-clear, why do you need finance? Need more details.
@Eric Veronica is your guy, good luck!
@Mike Gardner conventional terms are pretty advantageous these days. Let's have a chat about your options. I'm free to discuss anytime.
@Mike Gardner Interesting...why pull the equity? Are you looking at expanding your holdings? Do you invest in Ohio?