Loan to Value or Cash Out Refinance - BRRRR

[Alejandra Macias]

 

My team (three managers) and I are a startup real state investing business and so far we have a good start. We have purchased two distressed properties and are planning to rehab one and buy and hold the other one. However, we are concerned that the banks will not want to refinance the buy and hold property (even with tenants) as the business is fairly new and has no credit, and to top it off, our credit scores are not the best. What is recommended in these types of situations? Thank you!