Need loan to access equity in our Portfolio - Advice?

[Tony Pellettieri]

We are looking to access some of our Equity to access liquid cash. The majority of our properties already have DSCR loans on them, are tenant occupied, have been owned for less than a year/have sizable capital gains, are in a high appreciation market, may take a while to sell at market price on the MLS.

Are there any loan products, even ones with balloon payments, that would let us access some of our equity in our properties through refinance or a 2nd position loan. Of course if we refinance our DSCR loans we will have a 5% PPP which is not a fun pill to swallow but for some properties with a low LTVs, we're open to it.

We need a loan product that is asset based. Credit is 699. 10x Experience Entry/Exits on HUDs. Currently only getting 70% LTV through ROC Capital on our DSCR loans since my credit dropped below a 720.

I've heard that second position DSCRs may be an option?

Would a Bridge Loan with a balloon payment after 12/24 months be possible?

Below are some highlights of our portfolio

1. SFR   Value $155,000   DSCR Payoff $116,250+PPP
2. SFR   Value $140,000   DSCR Payoff $97,500+PPP
3. SFR   Value $255,000   DSCR Payoff $178,500+PPP
4. SFR   Value $170,000   Bridge Payoff $108,200
5. SFR   Value $215,000   DSCR Payoff $150,000+PPP
6. SFR   Value $270,000   DSCR Payoff $178,000+PPP
7. SFR   Value $170,000   DSCR Payoff $94,500+PPP
8. SFR   Value $180,000   DSCR Payoff $126,000+PPP

9/10/11. Multi Family Apartments 2 Separate Buildings 14 Units + Piece of Adjacent Land.
Valuation $1,050,000+   Seller Financed Payoff $721,500+$50,000 PPP