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Updated almost 3 years ago,
Anyone familiar with commercial loans or consolidation loans?
Hi everyone. I’ve been researching what I can and realized I haven’t tapped into the BP community where someone might be able to share personal insight. My partner and I have a few SFRs and a few Multis with mortgages in our names. We were thinking about rolling them all into a commercial loan to consolidate and make it easier for the bank to lend to us. There have also been talks with private lenders to do a consolidation loan. Ultimately we want to tap into some of the equity from our oldest loans for future acquisitions. Any insight would help and be appreciated.