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Updated almost 5 years ago on . Most recent reply

User Stats

39
Posts
19
Votes
Doug Karkow
  • Rental Property Investor
  • Cedar Rapids, IA
19
Votes |
39
Posts

LTV Lenders in Cedar Rapids Area

Doug Karkow
  • Rental Property Investor
  • Cedar Rapids, IA
Posted

Hello BP community!! Is anyone aware of a lender in the Linn County or Johnson County areas that will lend based on appraised value (LTV) rather than on cost (LTC)?

Most Popular Reply

User Stats

203
Posts
95
Votes
Michael Barnhart
  • Rental Property Investor
  • Cambridge, UK
95
Votes |
203
Posts
Michael Barnhart
  • Rental Property Investor
  • Cambridge, UK
Replied

@Doug Karkow Hills Bank is the best I found in Cedar Rapids. If you plan on BRRRRing, after your tenants are in place they will have it appraised and refinance it up to 80% LTV. Hope this helps!

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