Posted by John Behle on November 11, 1998 at 17:59:12:
Two notes is always better. Blanket loans are hard to sell. Some note buyers may want you to co-sign, but it will depend on the LTV ratio of the note.
In this case, if you are talking an 80% LTV on an apartment building, you might have to look real hard for a buyer. Find a potential buyer first and you may need to go to a lower LTV like 60-70% depending on your market and whether you are dealing with a local or national buyer.