B2R Financing

[Nick Giordano]

Hi my name is Nick and I'm a newer member to Bigger Pockets. I think this resource is great and I have been utilizing this as well as the podcasts! Both are great. I have a rental property in southern Indiana and I am looking to eventually purchase 4 more single family rentals. I heard an advertisement for "B2R Financing" during one of the podcasts and I was wondering if anyone could tell me what the difference between this and a regular loan is. Thank you so much.

[Christopher Lombardi]

B2R basically is a bank but just for investment properties. They make it easy to package together small or large portfolios and get one big umbrella mortgage on them. As long as you are buying properties in an LLC or other entity, most banks will do the same thing but with better rates (usually about 200 basis points better). I would try your local banks and ask for the commercial lending departments before going to B2R. From my experience, more often than not banks will offer commercial umbrella loans on SFR's. Talk to a lot of banks and get the best terms you can.