Seeking Blanket Portfolio Lender

[Ernest Alexander]

Seeking lender for a long term hold to do a cashout refinance blanket portfolio loan with property values starting at $30k+

1. Property management in place
2. Free & Clear Properties
   
3. Ask-$700-$3M Cash out for each portfolio
4. DSCR 1.5-2.7 on each portfolio
5. 15-70 properties on each portfolio
6. No seasoning, asset-based, stated income, lite doc

1. 69 SF Units OK $2.5M

Income $485,280

Expenses $87,858

NOI $397,422

DSCR 2.21

1. 64 Units TX $3.1M - 2 Apartment Buildings

Income $493,612

Expenses $152,164

NOI $341,448

DSCR 1.48

1. 25 SF Units MO $1.1M

Income $159,696

Expenses $14,835

Below are the additional portfolios in this package:

1. 15 Units IL $1.1M

Income $291,624

Expenses $133,000

NOI $158,624

DSCR 2.00

1. 18 SF Units Detroit $700K

Income $161,100

Expenses $46,595

NOI $114,505

DSCR 2.27

1. 24 SF Units Detroit $800K

Income $199,800

Expenses $53,532

NOI $146,268

DSCR 2.54

1. 34 SF Units Detroit $1.2M

Income $318,300

Expenses $87,616

NOI $230,684

DSCR 2.67