I got a flyer from BR2 financing....

[Jaime Penix]

So I called them and they are telling my that they offer private financing for investor properties. The loan requirements is 75% LTV, minimal of 500k loan, and a minimal of 5 "doors". My thing is how am I going to get at least 5 properties under contract at once. It is tough for me to win one bid let alone 5 at once. I buy very select properties and with competing bids, I would think my careful buying strategy would be compromised. Maybe the terms are different and I am just not understanding them. Also the representative seemed a little turned off when I told him that I wanted to complete my 10 investment property quota with conventional loans, then entertain the this commercial loan opportunity. Then he mentioned that the loan would be under a business entity. So does that mean I will have to create a company specifically for the loan? There was not an APR listed. Also I did not see the life of the loan. Is anyone familiar with this loan and help me out. I guess I will have to call him back to get more details.