I can't believe I forgot to put this one the forum... smh...

I have a borrower who pretty much bought a town right about an hour out from Chicago. He wants to expand on a tourist attraction project that includes colonial style entertainment, equestrian activities, & things as such.

The issue is that he has a bunch of little properties that are worth at least $2.6 MM combined. He wants to blanket all of them into one loan for $1.3-1.5 MM, which is well under 60% LTV. Most lenders would do it except they're not up to dealing w/ 28 diffrent titles on one loan.

Who doesn't care & would just do the loan based on the appraisal & asset class? I'm talking hard money no-doc, asset-based loan. Borrower credit is 800+

*This is not a request for an MCA backed by collateral. We need straight asset-based interest-only loan for 12-18 months or so.*