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Updated over 16 years ago on . Most recent reply
Need Hard Money and Perm Cash-out RE-FI for KC Missouri
Hi,
I have access to multiple 3 and 4 bedroom section 8 rental properties in Kansas City, Missouri and have buyers waiting to purchase assignments from me. I have a primary lender that is not delivering on promises made. Would like to move ASAP to insert a new lending resource that is familiar with this great cash flow market. I have multiple investors that would need to be pre-qualified and funded.
Lending specifications required:
Hard Money or Private Money to fund rehab and close
70% LTV based on ARV (after repair value)
Ideal time frame to close once investor is pre-qual'd = 2 weeks or less.
Average ARV is 70-85K
Permanent Cash-out refinance
80% LTV based on ARV with cash-out
I am going to show a heavy dose of pleasant skepticism. Please provide at least 3 references for investors you have completed funding with, so that I can speak with folks you've worked with - preferably in KC, MO market. I have heard too many promises that haven't been delivered on - so I will be triple checking with references. If you can't provide this - no need to contact me. I sincerely look forward to working with anyone who can deliver consistently and quickly on above.
Best,