This is pretty amazing.
I was looking around for some new ideas on how to finance additional rental properties, and I happened to find something that was pretty surprising…..
…… that a monster-sized hedge fund – BLACKSTONE no less – has started offering financing specifically focused on rental property owners.
Yeah. To say I was shocked was an understatement.
I mean, Blackstone has been the bad guy as they hoovered up all the good deals in many areas over the last several years.
But that has apparently changed.
I have never been very fond of conventional lenders. They don’t like rental properties, and back before and during the crash they kept making it more and more difficult to get their approval.
In fact, the process to get my 10th conforming mortgage took SIX MONTHS to accomplish. Partially due to the broker’s incompetence, but most of it was due to the lender changing he rules of the game as the game was being played.
So the fact that an organization is now landlord friendly is a great thing.
I’ve included the text from the press release below, and there’s a link to their lending site as well if you’d like to get more information.
Let me know how it goes if you decide to reach out to them.
Here’s the press release from Blackstone….