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Updated almost 7 years ago on . Most recent reply

User Stats

31
Posts
13
Votes
Virgilio Mateo
  • San Francisco, CA
13
Votes |
31
Posts

Searching for a good lender in Mississippi for Cash Out Refinance

Virgilio Mateo
  • San Francisco, CA
Posted

I am acquiring a 32 unit apartment complex in Mississippi and I have a question about a cash out refinance in the next 6 months. Will lenders still execute the refinance if the property has a promisorry note? The promissory note will be more than 50% paid off in 6 months, property will be at least 80% percent occupied, LTV will be between 60 to 70 percent.

I would love to get input from the BP community and possibly a lender referral in the state of Mississippi. 

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