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Updated almost 7 years ago on . Most recent reply

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1,083
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548
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David Weintraub
  • Lender
  • Berkeley, CA
548
Votes |
1,083
Posts

Looking for 11 Property Refinance

David Weintraub
  • Lender
  • Berkeley, CA
Posted

My borrower owns 11 SFRs in Middlesex County NJ, free and clear, and he's looking for longer term, 30-yr type financing, preferably in one blanket loan, but can do 2 or 3.  I've spoken with Visio and Athas, and both are similar in the 7.5% range, with 2 points.

This is seemingly too rich for my guy.  He's pressing me to find him something better, so if you know of something "better", please touch base.

Thanks.

Most Popular Reply

User Stats

689
Posts
525
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Andrew Kerr
  • Rental Property Investor
  • Everywhere, USA
525
Votes |
689
Posts
Andrew Kerr
  • Rental Property Investor
  • Everywhere, USA
Replied

@David Weintraub can he not qualify for traditional/conventional financing? It seems like he wants conventional terms but a portfolio product. If it was me, I would get conventional financing on 10 of them and call it a day.

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