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Updated over 8 years ago, 05/20/2016

User Stats

20
Posts
3
Votes
Guido Kaelin
  • Paramus, NJ
3
Votes |
20
Posts

refinancing multi-unit properties

Guido Kaelin
  • Paramus, NJ
Posted

I have a project of rehabbing 2-3 multi-unit properties in North New Jersey and would like to know whether somebody has contacts to lenders that do non-recourse refinancing of these properties that have about 60% LTV. Any input is greatly appreciated

User Stats

50
Posts
23
Votes
Olga Roginkin
  • Real Estate Agent
  • Wyckoff, NJ
23
Votes |
50
Posts
Olga Roginkin
  • Real Estate Agent
  • Wyckoff, NJ
Replied

contact me, I will recommend several reliable lenders

User Stats

242
Posts
80
Votes
Omar Ruiz
Pro Member
  • Investor
  • Anaheim, CA
80
Votes |
242
Posts
Omar Ruiz
Pro Member
  • Investor
  • Anaheim, CA
Replied

I've never heard of smaller residential lenders offering non-recourse loans as its based on borrowers credit. It's mostly offered in the commercial space with gse lenders. 

If you do find someone, please share as I'm sure everyone would like to know. 

  • Omar Ruiz
  • Baselane logo
    Baselane
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    User Stats

    340
    Posts
    115
    Votes
    Dustin Lauer
    Lender
    • Lender
    • Orlando, FL
    115
    Votes |
    340
    Posts
    Dustin Lauer
    Lender
    • Lender
    • Orlando, FL
    Replied

    I mostly do small residential non-recourse loans 1-4 units, but unfortunately not in the North East, where that seems be more difficult to get.  If you find some one please post who on this threat.  Thanks.

    • Dustin Lauer
    business profile image
    FidusFi
    4.4 stars
    44 Reviews

    User Stats

    193
    Posts
    75
    Votes
    Eric Schleif
    • Commercial Mortgage Underwriter / Broker
    • New York City, NY
    75
    Votes |
    193
    Posts
    Eric Schleif
    • Commercial Mortgage Underwriter / Broker
    • New York City, NY
    Replied

    Guido Kaelin PM me. I've done a few in East Orange. Depending on the loan size it may be worth having a call and going over the deals.