Loan Options for a Portfolio low value (35K) SFR's

[Tania Reuben]

Does anyone have any good lending options for lower end price point, section 8 rentals.

I have a small portfolio of 6 or 7 SFR that I'd like to acquire, they don't work for a number of lenders as the value on the occupied properties is 35K each. The other properties in the portfolio will be 45-50K after rehab.

If I recall, there was a well known commercial lender who would do this, but can't remember which one... 75% LTV in a commercial loan, rates around 5% with 30 year amortization... also can't recall if it was recourse or non, this needs to be non recourse unless I bring in a money partner on the deal.

https://www.biggerpockets.com/calculators/shared/1519941/dc793f40-3751-4fc0-a7e4-c271882f2c22

[Tim Johnson]

most have a loan min of 500k on blankets your going to have to look hard for non recourse.

Check with @Eric Veronica