Portfolio loan strategy for dozens of rental properties

[Rafael Maya]

Hi, I'm opening a RE fund (an international LP which buys properties through USA LLCs) to initially buy turnkey residential rental properties in the Midwest (already rented out and with PM in place). Each property costing about 70K-100K.

I'm planning on acquiring ~100 properties, and paying off the loan of 4-5 properties per year with producing cash flow to then do a cash out refi and buy more (both residential and multifamily). Doing just multifamily from the get go is not an option.

Do you recommend any portfolio loan lender or strategy which would be able to provide convenient terms for acquiring properties through the fund/LLCs?:

75-80% LTV

5.0-5.5% rate or better based on volume

30 Year Fully Amortized (worst case 7/1 ARM, no balloon)

No, or little prepayment penalty

No, or little seasoning

Asset based lending

No maximum number of properties or loans limits.

Thanks.

[Zach Quick]

@Rafael Maya I imagine you will get flood from mortgage broker’s here soon if you haven’t already. I have to ask, why is multifamily initially not an option?

This sounds like a good way to have a ton of headaches and average to below average returns.