Financing
Is there any financing out there that is not conventional (Fannie or Freddie) at a reasonable rate? I own several residential rentals free and clear, and some others have mortgages. I would like to buy more some more. I am not able to qualify for any more conventional financing even though I have loads of equity and can put 30% down on new properties. My only options seem to be hard money (way too expensive and not long enough term), equity loans (9% fixed rate) or an ARM HELOC. None are what I want. I am sure there is not much out there for someone like me at a reasonable interest rate (for a 10 or 15 yr loan), but does anyone know if there is? I am looking to buy more residential properties (1 - 4 unit properties). Thanks for any help and feedback.