Commercial Portfolio Loan Recomendation/Questions

[Jordan F.]

Hello! 

I own a handful of properties across CO, some 2-4 and some 4+, and most of the <4s have second mortgages already. Every bank I have spoken with told me I have too many financed properties for their limits or can't get there on LTV beyond the 70% cash-out limit.

So, I am starting to think maybe a blanket portfolio loan might be a good option. Hoping to get 75% LTV but not pay off any of my first mortgages.

Does anyone know any competitive commercial lenders who are OK going into second on a mix of 2-4 and 4+ unit properties and are competitive? Any reasons why this is a bad idea? The properties can more than support the debt burden. 

Thanks! 

[Kerry Baird]

DSCR loans fit the bill. Get out of Fannie and Freddie "jail" and find a different way to grow your portfolio.