Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Cincinnati Blanket Portfolio Refi - Out of state investor
Hello BP nation!
So, I've spent the last week researching blanket loans and I think I'm at the stage now where this is an avenue I need to explore. I have 13 units, 7 properties, and five of the mortgages are in my name and am looking to refi several of my properties. My brother and I are looking to scale considerably over the next few years. What I still can't quite understand if it's even possible for an out of state investor to refi an entire portfolio of 30 yr fixed loans using a blanket loan? Does anyone know a national lender or lender in Cincinnati that offers these or am I basically on a hunt for a unicorn. If any one has been in a similar situation or any advice please let me know!
Cheers,
Matt Mason