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Updated over 5 years ago,
Portfolio Loan questions
Hi all.. not sure if this is the right forum... but I couldn’t find one that seemed a better match. Anyway, we’re looking for some basic information on portfolio loans.
We have a few low value SFR properties that we own outright. We’d like to pull our cash out but they don’t qualify for individual mortgages. We own the properties in a couple different LLCs. We are also planning to move into MFR units.
Wondering if portfolio loans will:
- let you mix SFR and MFR properties
- would we be able to mix properties from our various LLCs?
- what’s the lowest cumulative value for portfolio loans
- how do portfolio loan terms differ from single asset loans?
- any recommendations on where i could learn more about the options?
Thanks!!
We have a few low value SFR properties that we own outright. We’d like to pull our cash out but they don’t qualify for individual mortgages. We own the properties in a couple different LLCs. We are also planning to move into MFR units.
Wondering if portfolio loans will:
- let you mix SFR and MFR properties
- would we be able to mix properties from our various LLCs?
- what’s the lowest cumulative value for portfolio loans
- how do portfolio loan terms differ from single asset loans?
- any recommendations on where i could learn more about the options?
Thanks!!