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Finance more than 4 properties

4 or MORE??

I do have at least two lenders that still allows borrowers to finance more than 4 properties. These particular banks do not have a limit to the number of properties owned, individuals just have to be able to qualify. Here is a brief overview of their guidelines:

- Max loan to value 75% (purchase & refinance)- Max Loan to Value 70% (cash out)

- Interest Rate 6.75-7.25%

- Term 30 year fixed- 1% Prepayment charge if paid off in first three years (.5% fee to have no prepay)

- Full Documentation of Income

- Must own 12 months to use appraised value

Please contact me for further details. tschuricht@communityfirstfinancial.com

Thanks,

Troy Schuricht

Community First Financial, LLC

7575 E Redfield Rd Suite 235

Scottsdale, AZ 85260

480-305-8905 - office

480-393-8801 - fax

www.communityfirstfinancial.com

www.TeacherAPlus.com

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Posted by Troy Schuricht on 10/10/2008 03:57 PM

Comments (2)

Rental/Investment 4 or More in the Mortgage / Finance Channel

financing investment properties, 4 or more rental properties, rental financing, loan for more than 4 investments

Post is included in group: Arizona Real Estate
Post is included in group: Arizona Homes
Post is included in group: Realtors®
Post is included in group: RE Pros who are Football Fanatics

2 Comments on Finance more than 4 properties

OCT

2008

Troy - is these portfolio lenders? I am in need of such lenders. I have a client with properties in MD and NE. All assistance is appreciated! Matthew

DEC

2008

Hi Tony,

I normally wouldn't ask another lender for their investors, but as I operate only in California I don't think we would have the same clients. If either of these investors lend in California could you let me know their names?

Thanks, Scott

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