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Updated 3 months ago on . Most recent reply
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Re-financing separate properties as a group in a single loan
We have a SFH and a duplex that we own free and clear, and a duplex on which we have a residential mortgage. Each of these properties is in a different location and was purchased at a different time. Is it possible to re-finance these separate properties as a group in a single loan? Does the fact that these were purchased separately and are at different locations make that option unavailable? The idea is to re-fi in a single transaction, which, I assume, will have benefits over three separate transactions. Please advise. Thank you.
Most Popular Reply
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Quote from @Tim Delaney:
You will probably be better off just doing them separately. I was working with a DSCR lender on comparing options on a seven property portfolio purchase a couple years ago and the difference between bundling them and doing them all separately was negligible.
Thank you, Tim. I'm coming to a similar conclusion. I appreciate your advice.