Portfolio Loan - Birmingham, AL SFH's

[Blake Salisbury]

Hello,

I will be looking to buy around 16 SFH properties in Birmingham, AL (around 65k pricepoint each, may get 1 or 2 more) around March of next year as part of a 1031 exchange and am curious if anyone can recommend me a company that can provide a portfolio, or blanket loan. I've called around and so far Corevest and Anchor Loans have been companies that have this project. Corevest starts at 5.5% and 75% LTV which seems competitive but I want to explore before I take the plunge with them.

I wasn't sure where this would fit under the forum guidelines so I selected Conventional, did not look like Commericial was option but that is probably what this would fall under.

Let me know if anyone can help. 

Thanks,

Blake

[Greg Downey]

Corvest is usually very competitive in these type of loans.  If you visit the IPloan exchange website in my signature line, take 5 minutes to fill out the questionnaire, we can typically get you 3 lender proposals that match your needs within 24 hours. We actually have Corvest on our platform and they are a great option.  We can help you stack them up against other options. Might as well try and see.