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Updated over 14 years ago,
Funding for a commercial deal
Hello everyone! I currently own (through my corporation) SFRs that I rent out. I also own a triplex that I rent out. One of these SFRs is my office. The loans on these properties are in the names of my parents and my wife and I. All properties have been quit-claimed to the corporation. I want to start buying small apartment complexes (5-20 units). Is there any type of loan that would be secured by my SFRs where I would only have to make one payment for all of them and I would get cash out of my equity to fund a down payment on a commercial property? I heard someone mention a blanket loan, but where would I find such a program? Thank you for your help, I look forward to moving my business into commercial real estate.