2nd Position Loan on SFR Portfolio

[Joshua Myers]

We have a small portfolio in the Columbus, OH area. 5 single families and a duplex. The current value of the portfolio is $2.1m and we owe $1.3m. We have a construction project that we're trying to financing and looking to take a 2nd lien against the portfolio for 200k. That'd put us at 75% LTV combined. We could refinance the whole thing under a blanket loan, but we have 3-4% rates on everything and would rather take high rates on just a 2nd lien.

If anyone is interested please let me know on here or on a DM.

Thanks.

[Jimmy Lieu]

Quote from @Joshua Myers:

We have a small portfolio in the Columbus, OH area. 5 single families and a duplex. The current value of the portfolio is $2.1m and we owe $1.3m. We have a construction project that we're trying to financing and looking to take a 2nd lien against the portfolio for 200k. That'd put us at 75% LTV combined. We could refinance the whole thing under a blanket loan, but we have 3-4% rates on everything and would rather take high rates on just a 2nd lien.

If anyone is interested please let me know on here or on a DM.

Thanks.

Hey Joshua, my business partners and I have done blanket loans with our own portfolios. We are in the works on a few of commercial and development projects ourselves. We're in the works to build 100+ units in New Albany, Ohio right by the Intel gigafactories and a few other large commercial projects that we're raising capital partners on. With that being said, I'd be happy to hear your situation and see how we can help.