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Updated about 4 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Josh Marcus
  • Largo, FL
1
Votes |
5
Posts

Need BRRRR Refinance Bank in Clearwater, FL Area

Josh Marcus
  • Largo, FL
Posted

I just put an offer in on my first BRRRR property and want to get my refinancing ducks in a row when I'm finished with the renovations. I am looking for small private banks in the Largo/Clearwater, Florida area that will do quick BRRRR refinancing based on the ARV of the property and not the pre-renovation sale price. I'm also open to banks not local to me if they offer good terms. Thank you for your help!

Most Popular Reply

User Stats

146
Posts
40
Votes
Stephan K.
  • Rental Property Investor
  • Clearwater, FL
40
Votes |
146
Posts
Stephan K.
  • Rental Property Investor
  • Clearwater, FL
Replied

Local banks is tough right now. There is a lot of consolidation going on and many have just been bought and are restructuring.

I don't know and that will use ARV. I know some that do cost (purchase plus renovation).

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