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Updated over 7 years ago on . Most recent reply

User Stats

45
Posts
47
Votes
Paul Sweetman
  • Rental Property Investor
  • Lebanon, OH
47
Votes |
45
Posts

Applying for multiple loans at the same time

Paul Sweetman
  • Rental Property Investor
  • Lebanon, OH
Posted

We have been blessed with acquiring multiple properties in the last 5 months (paid cash for them) . We are implementing the "BRRR" philosophy. in addition I'm in the process of financing a 4 family (on the personal banking side) better terms and conditions.

When I asked my loan officer if I could start the process to refinance the first of 4 completed rehabs He said We can't start the process till we've closed this loan. If I go to another lender will I be jeopardizing the loan process on the 4 family? Really  can't I do multiple loans at the same time? Do I have the same situation on the commercial lending side of a lender? 

  • Paul Sweetman
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