Financing more than 10 properties

[James Cerenzie]

All,

I'm looking for a little assistance on several questions related to financing.

I am approaching the limit of 10 financed properties (under traditional loan programs), and looking for recommendations on how to finance #11.

Consolidation of the portfolio and paying off a mortgage is my last resort, as these are short-term solutions to a larger roadblock. Also I understand private money is an option, but this comes with a rate hike. Ideally I'm looking for a < 5% IR on a 15yr fixed. If 15yr fixed is not viable, I am open to shorter terms, or an ARM.

I have excellent credit, 35-40% Debt to Income (including mortgages), and am buying and holding properties long-term (no flipping). 

Also, I have an LLC and business credit card so obviously would like to eventually start building the credit of the business.

Options I've Already Explored

- several national banks

- MACU and American Family

- Zions Bank

- local mortgage broker in St. George

Thanks for your assistance.

James