Homes in a package deal

[Cleotha Euwins]

An owner is selling three properties and has the price all tied into one. It would all be under one mortgage and one payment. When this is done, and the buyer was to go refinance after rehab, would all three properties have their own value therefore have to have their own payment or would there still be only one payment? How should one go about something like this? 

[Joseph Firmin]

If the buyer wants to keep them all together, then they will need to find a portfolio lender that will package them into 1 loan, very normal with commercial loans. If the buyer wants to separate them, then yes, a residential loan on each with separate payments, etc. would be in order.