Looking for lender to finance bundle deal

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Looking for lender to finance bundle deal

Ruchit Patel
Member since 2021 · 20 posts · 4 votes

Hello,

I'm trying to buy 3 duplex and SFH as a bundle. Looking out for different loan products available currently.

Thank you, 

Ruchit Patel

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Daniel ChristopherBusiness Member
Lender · Miami, FL · Member since 2020 · 793 posts · 96 votes
3y
Quote from @Ruchit Patel:

Hello,

I'm trying to buy 3 duplex and SFH as a bundle. Looking out for different loan products available currently.

Thank you, 

Ruchit Patel


I'd suggest financing these individually under a DSCR loan. Portfolio/blanket lons can get trick on the exit should you want to refinance or sell just one of them. Typically the payoff on 1 property from the bundle is 125% of the existing loan amount which makes it a headache to get rid of an under performing property.

Also, a blanket loan if vested under an LLC makes all those assets tied to any liability risks of the rest. Again, DSCR loan with each property under a separate LLC, IMO, would be the best route.

619-815-8867
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8 Replies

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  • Abbey Humphreys
    Member since 2023 · 303 posts · 324 votes
    3y

    Hey Ruchit- would love to connect and discuss what exactly it is that you're looking for!

    1Reply
  • Ethan Gidcumb
    Lender · San Diego, CA · Member since 2022 · 130 posts · 75 votes
    3y

    Hey Ruchit! How much do you plan to put down? What's your experience?

    0Reply
  • Denver McClurePro Member
    Financial Advisor · Dallas, TX · Member since 2018 · 659 posts · 479 votes
    3y

    Hey Ruchit, @Jeff Nash and I can help out. We work with a network of lenders and have access to several dozen different loan types. Feel free to reach out.

    [email protected]
    2Reply
  • Josh Bowser
    Real Estate Agent · Atlanta, GA · Member since 2020 · 414 posts · 233 votes
    3y

    Hey Ruchit - I've got a guy for you. Send me a DM

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3y

    Hey Ruchit, 

    You may finance the 3 duplexes under a blanket loan if you'd like and do a DSCR loan for the SFH. Or you may finance all of these individually under a DSCR loan.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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    0Reply
  • Daniel ChristopherBusiness Member
    Lender · Miami, FL · Member since 2020 · 793 posts · 96 votes
    3y
    Quote from @Ruchit Patel:

    Hello,

    I'm trying to buy 3 duplex and SFH as a bundle. Looking out for different loan products available currently.

    Thank you, 

    Ruchit Patel


    I'd suggest financing these individually under a DSCR loan. Portfolio/blanket lons can get trick on the exit should you want to refinance or sell just one of them. Typically the payoff on 1 property from the bundle is 125% of the existing loan amount which makes it a headache to get rid of an under performing property.

    Also, a blanket loan if vested under an LLC makes all those assets tied to any liability risks of the rest. Again, DSCR loan with each property under a separate LLC, IMO, would be the best route.

    619-815-8867
    Host Financial51 Review
    WebsiteView Page
    2Reply
  • Matthew DaviesBusiness Member
    Lender · Tampa, FL · Member since 2023 · 22 posts · 6 votes
    3y

    I agree with comments above. Interested to know if its the same seller, or multiple? 

    [email protected]
    0Reply
  • Oliver Bernardo
    Lender · Los Angeles, CA · Member since 2019 · 50 posts · 6 votes
    3y

    @Ruchit Patel

    If you're still shopping around for lenders 

    I'm happy to help! 

    0Reply
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