Purchasing properties at 65% LTV and lending requirements

[Jeremy Holcomb]

Ok so this is what I am up against. I typically purchase properties that need major rehab. After purchase and rehab I am typically at 65% of ARV. I then usually take a cash out refi at max available. I then take that money and buy a few properties I can rehab over time for cash in order to have some free and clear. Currently have two projects underway. My current lender loans me a 100% of 65-70%LTV ARV. My problem is he only does smaller deals under 250K and doesn't usually have more than a few loans out at a time. I am looking to go into large acquisitions mode. Purchasing larger multi family properties using the same methods. What would you do in my situation? I've talked to a few lenders today that said they could do something with 10-20% down. Anyway to do with less down payment? Just by the time appraisals, inspections, closing costs, & prorated taxes we typically already have 10% or more into the deal. Thoughts? Also, I am a buy and hold type and most properties I buy are for section 8 or affordable housing contracts. I would also like to keep everything under My LLC.