Seeking Blanket Portfolio Lender
Seeking lender for a long term hold to do a cashout refinance blanket portfolio loan with property values starting at $30k+
- Property management in place
- Free & Clear Properties
- Ask-$700-$3M Cash out for each portfolio
- DSCR 1.5-2.7 on each portfolio
- 15-70 properties on each portfolio
- No seasoning, asset-based, stated income, lite doc
- 69 SF Units OK $2.5M
Income $485,280
Expenses $87,858
NOI $397,422
DSCR 2.21
- 64 Units TX $3.1M - 2 Apartment Buildings
Income $493,612
Expenses $152,164
NOI $341,448
DSCR 1.48
- 25 SF Units MO $1.1M
Income $159,696
Expenses $14,835