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Updated over 8 years ago,
Stuck at 10 Loan Limit! Seeking lender/financing to move past it!
Hi BP,
I'm a real estate investor from Southern California who buys single-family houses in Indianapolis.
As you may know, Fannie Mae doesn't allow me to get any more conventional mortgages after 10.
I'm closing on my 10th property soon, so I'm urgently seeking a financing solution to move past this limit.
From what I've researched, possibilities include:
- Portfolio loan
- Commercial loan
- Blanket loan on my current houses so I can start over the 10 conventional loans
- Something else
I move fast, and I'm trying to buy as many solid properties as fast as I can. I'm looking for a mutually beneficial, long-term relationship with a lender to grow my portfolio quickly.
If you have any products or ideas that could help me continue investing (or can refer me another lender that does), I'd love to hear about them.
If you're a lender, please either send me a private message or post your contact info in this thread, and I'll get in touch with you with more info on my existing properties and loans.
Thank you!
Keywords: Indy, portfolio lender, unconventional financing, creative financing