Existing Property as collateral for a new purchase

[Jamaal Garrett]

Hello,

I am a investor and licensed broker. I am negotiating a purchase of a mixed unit property (consisting of 4 residential units and 1 commercial space0. I currently own 3 single family rentals and wanted to use one of those as collateral for the new mixed used purchase. Are there any lender recommendations? 

[Hannah Wollmershauser]

@Corby Goade is right that this should be an easy loan depending on the equity you have in the properties. I would recommend either a HELOC as well so you don't have to refinance into a higher rate mortgage OR a refi bridge if they are free & clear and you are OK with a higher rate to get max LTV on these SFR's.