Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
Linh Nguyen
  • New to Real Estate
  • Renton, WA
0
Votes |
10
Posts

Blanket loan options

Linh Nguyen
  • New to Real Estate
  • Renton, WA
Posted

Anyone have suggestions for lenders to lend on smaller balance loans in Michigan.  We have 8 properties that we bought ranging from $50K - $90K.  I am hoping to not have to finance them individually, but rather in one big loan.  I spoke to 5 lenders that offer those products and am not meeting either the minimum loan amount/property or minimum property value.

We're in a pickle as Credit unions in our state (WA), won't lend in MI and MI credit unions won't give us memberships because we don't work there.  National credit unions do not offer blanket/commercial loans for SFRs.

Any recommendations would appreciated.

Loading replies...