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Creative Real Estate Financing

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Andrew Earle
  • Rental Property Investor
  • Windham, ME
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62
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Refinancing two 20+ single family rental home portfolios

Andrew Earle
  • Rental Property Investor
  • Windham, ME
Posted May 9 2024, 07:31

We currently have a bridge loans for two portfolios that we need to refinance. We have already refinanced one portfolio with an interest only loan and are looking to continue refinancing the next two with the same company but I am looking to make sure we are getting the best loan package for the next two before we proceed. Any suggestions of lenders for something like this would be appreciated!

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22
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6
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Bryan Martinez
Lender
Pro Member
  • Lender
  • Austin, TX
6
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22
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Bryan Martinez
Lender
Pro Member
  • Lender
  • Austin, TX
Replied May 9 2024, 10:16

Hey Andrew, you can look at ACRA Lending or First Equity Funding. I can also price it out for you. 

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Jonathan Taylor
  • Lender
  • Los Angeles, CA
641
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916
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Jonathan Taylor
  • Lender
  • Los Angeles, CA
Replied May 9 2024, 11:26

Hi Andrew, we offer portfolio loans of this caliber as long as the min property value is 50K +. Portfolio capital markets have improved dramatically this year and are more competitive than Q3/Q4 last year. Send you a dm to see how we stack up. 

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124
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Brandon Croucier
Lender
  • Lender
  • Dallas TX
30
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124
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Brandon Croucier
Lender
  • Lender
  • Dallas TX
Replied May 9 2024, 11:34

Looking around could save you quite a bit of time and money.

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Dustin Lauer
  • Lender
  • Orlando, FL
114
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338
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Dustin Lauer
  • Lender
  • Orlando, FL
Replied May 9 2024, 13:16

Its likely worth shopping depending on who your first lender was.  There are several direct blanket lenders.  We've actually done a few this size as all single asset loans for clients who wanted a full 30 year term.  These days with rates being higher though, it might be better just continuing with blanket financing with 5-10 year balloons and interest only / 30 year amortization.  

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148
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125
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Mike Grudzien
Pro Member
  • Lender
  • Eugene, OR
125
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148
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Mike Grudzien
Pro Member
  • Lender
  • Eugene, OR
Replied May 9 2024, 15:42

Andrew,
Definitely shop around.  There's enough "meat on the bone" on this deal to draw competitive interest from several lenders.
My 2 cents,
Mike

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Alex Hunt
Lender
  • Lender
127
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422
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Alex Hunt
Lender
  • Lender
Replied May 14 2024, 09:31
Quote from @Andrew Earle:

We currently have a bridge loans for two portfolios that we need to refinance. We have already refinanced one portfolio with an interest only loan and are looking to continue refinancing the next two with the same company but I am looking to make sure we are getting the best loan package for the next two before we proceed. Any suggestions of lenders for something like this would be appreciated!

Hey Andrew, happy to give some different options!

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Erik Estrada
Lender
  • Lender
908
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3,039
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Erik Estrada
Lender
  • Lender
Replied May 14 2024, 11:46
Quote from @Andrew Earle:

We currently have a bridge loans for two portfolios that we need to refinance. We have already refinanced one portfolio with an interest only loan and are looking to continue refinancing the next two with the same company but I am looking to make sure we are getting the best loan package for the next two before we proceed. Any suggestions of lenders for something like this would be appreciated!


 Hey Andrew, 

What terms are you currently being offered?

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142
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Andrew Zamboroski
  • Lender
42
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142
Posts
Replied May 14 2024, 19:38
Quote from @Andrew Earle:

We currently have a bridge loans for two portfolios that we need to refinance. We have already refinanced one portfolio with an interest only loan and are looking to continue refinancing the next two with the same company but I am looking to make sure we are getting the best loan package for the next two before we proceed. Any suggestions of lenders for something like this would be appreciated!

 The 30-year fixed portfolio loan with an intro 10-year IO period has been popular for clients of ours! I’m not sure how your first was structured, but, it offers a good option with a longer term if desired

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5
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Replied Jun 2 2024, 12:22
Quote from @Jonathan Taylor:

Hi Andrew, we offer portfolio loans of this caliber as long as the min property value is 50K +. Portfolio capital markets have improved dramatically this year and are more competitive than Q3/Q4 last year. Send you a dm to see how we stack up. 

Hey-- PM Me! I need a portfolio loan for something like this. 10+ properties.. All 80k+ appraised value.