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Updated almost 3 years ago,

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117
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45
Votes

Refinance cash out to grow

Ronald Cooperman
Posted

My partner and I are splitting our portfolio of SFR in New Jersey very amicably. We currently own approximately 60 SFR. All tenant occupied

I will own 31 properties valued at 4,000,000. Financed at 1,700,000. 

My credit score is 625.

I am 65 and looking to grow portfolio for kids, etc. 

I use outside property management 

I am looking to refi and cash out some cash to grow.  

I am looking to cash out refinance 70-75% of LTV at 25-30 year amortization.

Any suggestions?

thanks, and have a good day

Ron

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