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Updated about 5 years ago on . Most recent reply
Should I get a blanket commercial loan?
I have ready that after 4 conventional loans, it can be hard to get additional mortgages, so I am trying to get ahead of this. Right now I have three conventional loans on three properties, two of which are investment and one which is my primary residence (FHA Mortgage). I am currently considering a 3-Family and found a bank that will give me a commercial loan in my name.
Can I bundle investment properties into a blanket commercial loan? Is there a benefit to that? What if I had separate LLCs for all the properties when I do this? I want to make sure I don't tap out my ability to get financing, although it would seem that I could go the commercial loan route for much longer.