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Updated almost 4 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Madhu Ponnada
  • Rental Property Investor
  • El Dorado Hills, CA
9
Votes |
32
Posts

Loan for a Portfolio purchase

Madhu Ponnada
  • Rental Property Investor
  • El Dorado Hills, CA
Posted

In St Louis,MO there is a 7 SFL residential homes sold as a package sale. What are some ideas/banks that can help fund the loan? Will this be a regular commercial or residential

  • Madhu Ponnada
  • Most Popular Reply

    User Stats

    2,247
    Posts
    1,265
    Votes
    Alex Bekeza
    • Lender
    • Los Angeles, CA
    1,265
    Votes |
    2,247
    Posts
    Alex Bekeza
    • Lender
    • Los Angeles, CA
    Replied

    @Madhu Ponnada I'm a CA resident investing in STL as well.  With only 7 homes in the package your best blanket options will need each property to be worth at least $100,000.  Is that the case here?  If so, you can likely wrap a 30 year fixed blanket.  Happy to chat more offline. 

    business profile image
    Investor Property Loan
    5.0 stars
    252 Reviews

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