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Updated almost 9 years ago,
Selling a portfolio of 9 SFRs with portfolio financing in place
Does anyone have any experience in selling a portfolio of single family rentals? I currently have 9 in the Minneapolis/St. Paul metro with total value over 1mln. I have looked into doing a portfolio loan to provide financing that would be transferable to a new buyer, so it can be purchased easily as a package. I'm not sure this makes sense as the portfolio loans (B2R, etc.) appear to have rates in the 6-7% range.
I'd like to find a way to liquidate these properties, but don't want to deal with the hassle of selling individually. Any thoughts would be appreciated.
Thanks,
-Jaden