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All Forum Posts by: Marc Mahadeo

Marc Mahadeo has started 4 posts and replied 12 times.

Post: Fannie Mae 10 Property Financing Rule

Marc MahadeoPosted
  • Investor
  • Marietta, GA
  • Posts 12
  • Votes 3

The loan loan on the 5 parcel is commercial. The 8 SFH is a standard mortgage. The duplexes are each on a standard mortgage. So how exactly does a portfolio loan work?

Post: Fannie Mae 10 Property Financing Rule

Marc MahadeoPosted
  • Investor
  • Marietta, GA
  • Posts 12
  • Votes 3

Good afternoon BP family-

This is my first post out here as I have run into a snag. I am currently in the process of refinancing two duplexes and my current portfolio is holding me back due to structure. I purchased a portfolio of 10 units 5 parcels in 2017, a portfolio of 8 SFH in 2018, and acquired two duplexes early on. My entire portfolio equates to 4 mortgages plus my personal home. The underwriter is stating that even though there is one mortgage attached to 5 parcels or 8 parcels, it is still looked at as all properties being financed and it exceeds the 10 property financing rule. Has anyone run into this and were they able to overcome the rule? I appreciate everyone taking the time out to read this post.

Thank you.