Blank Loan For 1-4 Family Properties

[Abe Hersk]

First of all a nice and warm hello to all my new friends here. I'm spending some time here lately and gaining a lot of insight and information. 

A little about my background.. until recently I was involved in quite a few transactions in a one of the big cities. The transactions were quite simple and we had a repeating process, basically BRRR, we used to have our 2-3 banks we to work with and we knew thier process and requirements etc. But lately I realized that although we do get our money out but the cash flow is really very slim so after some debating with myself I decided to partner up with a close friend who is doing 1-4 units in a certain neighborhood on a really small level but is looking to expand. We decided to blow up in that market, the deals are decent and there is a lot of cash flow.

My question here is, what would be my best option for a blanket loan let's say for like 30 units/houses? Below are features I'm looking for

- 15 and/or 30 years fixed.

- Non recourse. 

- Income approach appraisal.

Also are blanket loans in general more expensive? 

What else would I need to know beforehand? 

I'll very much appreciate your insight, and would love to have a wide discussion about his over here.

Thank you all in advance. 

Abe