I suspect you spoke to bank employees who weren’t in their commercial lending division and didn’t understand your borrowing request. 

I have found broker who will relay me borrowers' information, so I only need to find someone to borrow for low interest rate from.Any help will be much appreciated!

The borrower defaulted once the interest reserve ran out; Peer Street then turned around and lend the defaulting borrower AN ADDITIONAL $500k to cover 9 months interest!.  

Borrowing that money @ 8% is a $20,000/year cost.

(in terms of pros and cons).You can also use rentals to provide additional borrowing power if your rental currently cashflows from a tax perspective.Hopefully that helps your scenario advance forward in terms of what to ask and think about.

In the Netherlands, for example, banks typically offer refinancing options with a Loan to Value (LTV) of up to 80% in some cases, depending on the property and the borrower’s financial history.

Thank you Regina, I would love to borrow from your knowledge. 

The process would be different if it was a short sale, whereby someone representing home owner would have to deal with bank to get the lien released for less than what is owed by the borrower. 

BORROW MONEY, BUY MORE!

The borrower defaulted and was a few months behind.