The Challenge
A Charlotte-area real estate investor approached Encore Finance seeking to refinance a stabilized portfolio and unlock equity to support future acquisitions.
The portfolio consisted of 23 scattered-site residential properties in the Charlotte metro area, including 18 single-family rentals, three duplexes, and two condominiums.
Rather than refinance the assets individually, the borrower wanted a financing solution that consolidated the portfolio into a single loan while providing access to capital for continued growth.
The Solution
Encore Finance structured a $3.2 million portfolio loan secured by all 23 properties, allowing the borrower to complete a cash-out refinance through one financing facility. The financing included a 53% LTV, 1.20x underwritten DSCR, and a 7.06% fixed interest rate.
The Outcome
The loan provided the borrower with additional capital to continue expanding an established investment portfolio while maintaining long-term financing on a diversified group of rental properties.
Encore Finance structures portfolio loans with the investor’s entire portfolio in mind, helping align financing with long-term portfolio strategy. By financing multiple assets under a single loan, borrowers can simplify their debt structure, access accumulated equity, and position their portfolios for continued growth.
Learn More
Interested in learning more about Encore Finance portfolio loans? Contact our team to discuss financing options for your investment portfolio.
