Commercial Loan products for SFH in DFW area

[Mathew Geevarghese]

Good Evening BP.

What a Great Superbowl.  I almost turned it off after the 3rd quarter.. Glad I didn't..

I am a fairly new Investor in the DFW area. I've been involved in REI for a few years in Chicago. We recently moved to the Dallas area and starting to look for investments in SF and small Multi-Family properties. We will be closing on our first SFH in DFW in a couple of weeks and hope to have the home rehabbed and rented in about 2 months. In anticipation of this, I am trying to connect with local banks that have Commercial loan products that would allow us to do a Cash out refinance. Preferably 75 or 80% of appraised value after it has been fully renovated and rented. The purchase and rehab would be done with cash.

Thanks for any guidance and into you can provide.