Portfolio Lender Question

[Greg Junge]

Hi BP,

I've heard of portfolio lenders and the value that they bring to an investor. My question is, can a portfolio lender combine/re-write loans for two different properties into one loan? If I had 2 single family houses that each have 100k mortgage on them, would a portfolio lender be able to consolidate and create one loan for 200k?

If so, is this beneificial to do or no?

Thanks,
Greg Junge

[Caleb Heimsoth]

@Greg Junge Yes many lenders will do this but may have property or loan minimum values of say 500k