Refinancing multi single family properties under 1 loan

[Brett Campbell]

I have 4 single family homes free and clear that I would like to refinance under 1 loan. Has anyone done this or know of a lender that can help me out?

I have heard the term blanket loan and portfolio loan used for this type of loan.  Properties are located in North Carolina.

Thank you,

Brett

[Daniel Dietz]

Definitely check around. I have heard a lot of what is described by @Bill B. BUT that has not be *our* experience. 

With the local portfolio lender we use we CAN sell of a property as long as our LTV stays at 80% or lower, the Note is amortized over 25 years and is NOT callable early, although the interest is only locked for 10 years and can adjust after that. We can also use 'excess equity' in one loan as collateral for the 20% down on our next one if we want too (we have not done this yet).

With that said, these ARE some of the best terms I have heard of for this type of loan here on BP or elsewhere :-)