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Updated over 5 years ago,
Mortgage Lender Wanted
We have 2 investment properties that we need to refinance.
Credit: 613 (Low mostly because of high Credit Card usage to complete the project.)
Income $140K/yr, No personal mortgage
Location: Phillipsburg, NJ
Property 1:
4 units (fully rented out) including 3 garages that rented separately.
Monthly revenue of $3500
Appraised at 183K but need to refinance at least $150K to cover all the Cost (hard Money & Private investors)
Property 2.
4 Units
Currently Vacant, 99% done with renovation.
Potential Rent revenue of $4800/ month.
Appraised value: $223K 7 months ago or so.
Looking to refinance for $180K
Please message me if you are can work with the credit and income.