Blanket Real Estate Collateral loan in 2nd position
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  1. #1

    Blanket Real Estate Collateral loan in 2nd position


    Do you guys or gals know of any Real Estate Collateral lender willing to go in 2nd position and blanket multiple properties as a bridge loan..

    Anybody besides WBL and Maxim

    Thank you

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    I have several lenders who can do blanket liens...but not second position. I also have portfolio lenders.... Most of these deals (hard money) I put in 10 year Interest Only around 1% a month payment......, then amortized with a 1 year prepay buydown at 1% cost.

    I have one lender who might go second position on commercial to a max of 65% CLTV.

    Can you get me a SREO? Schedule of Real Estate?

    I can also do full docs, dscr, etc.
    Last edited by Olderguy; 08-09-2023 at 10:28 AM.
    Steve Benjamin
    Professional Business Loans

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  3. #3
    What is the property types being pledged as collateral for the second positions?
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

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