cross-collateral loans - Posted by Doug

Real Estate Investing
#1

Posted by AnnNC on March 15, 2001 at 15:31:35:

I posted something similar a few scrolls down.See if this helps you,Doug.

http://www.creonline.com/wwwboard/messages/15945.html.
Read the thread.
Seems to be same thing, maybe different terms are used
in different parts of the country.
Ann

#2

cross-collateral loans - Posted by Doug

Posted by Doug on March 13, 2001 at 14:09:08:

Hello -

Has anyone had experience with combining the mortgages on several properties into one giant loan? I have 5 rental properties with varying amounts of 1st and 2nd mortgages, and I’d like to refinance everything into one single loan, and pull some cash out at the same time. Any ideas/advice/recommendations appreciated.

Thanks!
Doug