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Updated over 6 years ago,

Adam Craig's profile image
Adam Craig's profile image
Adam Craig
  • Investor
  • from Cleveland, OH
  • Member since Aug 16, 2011
Connect

User Stats

603
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130
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Adam Craig's profile image
Adam Craig's profile image
Adam Craig
  • Investor
  • from Cleveland, OH
  • Member since Aug 16, 2011
Connect
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts
Private Lending & Conventional Mortgage Advice

500K minimum blanket loan is killing me.

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I am an investor in the Cleveland market (suburbrs). I own 7 rental properties all with 50-65K purchase price. I am coming up on my 10 mortgage max so I have been contacting lenders that can blanket these mortgages.

The problem is that they all have 500K minimum loans -  Right now I am around 300K. Are there lenders for these types of loans that will go below 500K?

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