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are there any lenders that will lend on over 10 properties

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Icon Mini Profile ssaucedo





Joined: 17 May 2011

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Post Posted: Tue May 17, 2011 1:41 pm    Post subject: are there any lenders that will lend on over 10 properties
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I have an investor who currently has 11 properties with mortgages. He wants to buy a few more but I can't seem to find a lender that will do the loans.
Icon Mini Profile chrisgummerson

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Location: La Palma, CA
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Post Posted: Tue May 17, 2011 4:09 pm    Post subject:
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Private financing, hard money
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Chris Gummerson
Bay Valley Mortgage Group
bayvalleymortgage.com
714-367-5125
Icon Mini Profile alcovamortgage





Joined: 16 May 2011

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Location: McLean, Virginia
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Post Posted: Tue May 17, 2011 7:26 pm    Post subject:
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SSAUCEDO - we might have some options for you. where are the homes located?
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Dan Maggin
Regional Manager
Alcova Mortgage, Inc.
www.AlcovaInc.com
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Post Posted: Tue May 17, 2011 8:59 pm    Post subject:
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Are any of the properties free and clear of a mortgage?
Icon Mini Profile adonis
adonis




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Post Posted: Tue May 17, 2011 9:55 pm    Post subject:
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Welcome ssaucedo,

Conventional lenders won't offer you loans for so many properties. As Chris has said, you should go for private financing/hard money loan. This will help your client in buying new properties.

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