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Updated over 2 years ago on . Most recent reply
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Requesting advice for lending against a rental portfolio
BP, I own three single family homes that are leased out to medical companies. 2 are assisted living businesses and the third is a transition home clinic. The portfolio yields 18k a month. I would like to refinance so I can use some equity to expand. Do you know of any lending company that would lend on this type of portfolio? I have not had much like calling around.
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Quote from @Travis Salley:
BP, I own three single family homes that are leased out to medical companies. 2 are assisted living businesses and the third is a transition home clinic. The portfolio yields 18k a month. I would like to refinance so I can use some equity to expand. Do you know of any lending company that would lend on this type of portfolio? I have not had much like calling around.
Try one of the "note guys" in your area.....they maybe able to help you......put a note on it and take some cash out