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Updated over 6 years ago on . Most recent reply

User Stats

69
Posts
11
Votes
John Moon
  • Palpark, NJ
11
Votes |
69
Posts

How to finance a Portfolio deal?

John Moon
  • Palpark, NJ
Posted

I'm looking at a portfolio deal with 3 properties (10 units total). The seller isn't interested in owner financing so I'm looking to get a loan but I'm stump on where I should start looking. I heard about SBA 7a and Freddie Mac but I'm not sure if this would qualify as it's multiple (residential) building (all less than 4 units). 

What are some of my other options?

Most Popular Reply

User Stats

262
Posts
264
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Tyler Kastelberg
  • Real Estate Technology
  • San Francisco, CA
264
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262
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Tyler Kastelberg
  • Real Estate Technology
  • San Francisco, CA
Replied

@John Moon

Given the information above, I believe you have two good options: 

1) Finance all three separately on conventional, FHA financing (under 4 units)

2) Approach a local bank on the deal. They most likely won't allow as high leverage as FHA in (1), but they'll be used to "unique" situations.

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