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Updated 3 months ago on . Most recent reply

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Kyle Trotman
  • Kennesaw, GA
14
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37
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75% Refinance Lenders?

Kyle Trotman
  • Kennesaw, GA
Posted

I’m looking to make a list of conventional loan lenders that would be able to refinance a hard money loan for 75% of the new appraisal of a residential property? Any help or information would be appreciated! 

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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
1,930
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2,827
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied

@Kyle Trotman

I would suggest speaking to local banks, and credit unions. Whenever I am having an issue with financing, I normally reach out to local institutions. They are much more reasonable and are more intertwined in a community than some lender states away. The credit committee is usually made up of local people who are familiar with the market they are in. Lastly, they like building relationships. Once you find a lender that finances properties similar to yours, start building a relationship.

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