Rate/Term Refinance - Market Product

[Bryan Hancock]

It's been a while since I did a rate/term refinance for a SFR that we'll hold for investment. I spoke to someone today who specializes in BRRR refinance loans with a scenario where one of our controlled entities will do a hard money loan to another one of our entities for a rehab. We'll then renovate/rehab and rent it out after we refinance to get our cash out.

I was told that 75% ARV is what lender's appetite is for this type of loan if we're using a conventional loan right now. Accurate? Are there other options with a shorter term possibly? Or are there other options with a higher LTV and reasonable rates/terms?

We'd prefer a low loan constant with low rates, but I'd like to know of the other options if they're available. Anyone have recent experience with this type of loan product to give me the lay of the land?