10 conventional mortgages to one commercial loan

[Aviv Berkovitch]

Hi all,

When my wife and I will reach our 10 conventional mortgages limitation.

Can we take a blanket commercial loan for all of the 10 properties, pay/close the conventional mortgages with the bank and repeat the process? (Take new conventional mortgages).

Thanks in advance,

Aviv

[Timothy Hero]

I'm a commercial broker and yes, that'll work. When you get the loans with a commercial lender, they do not appear on your credit. Therefor, you're "freeing" up space.