Posted by Ed Garcia on October 24, 2003 at 10:19:43:
John,
Based on the way you have presented this deal, I would talk to a small bank about a blanket lien. In order to sell off various properties out of the group, you would request for the bank to give you release clauses on each property. If you would like more detail you may call me at (909) 944-0199.
Ed Garcia
How do you finance a string of properties? - Posted by John
Posted by John on October 23, 2003 at 10:05:47:
How does one finance a group of houses, say 5 single families and 5 6-families? Where would I find a lender for this? I assume it would all be covered under commercial as it would be viewed as 35 units. What if you want to sell 2 of the properties in a few years? Anyone that does this sort of lending please let me know via email.
John
Re: How do you finance a string of properties? - Posted by Ed: A related Question
Posted by Ed: A related Question on October 26, 2003 at 21:21:48:
Ed: Do you have lenders who will do cross-collateralized loans? Are they competitive? What kind of terms have you seen? Can they operate in Texas?
I have a local bank which will do multi-property deals, but I would love to have a second bank. Competition is a good thing.
Jimmy