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Updated almost 6 years ago,
6 Unit Refinance Low Seasoning Period
I bought a 6 unit complex that I have owner financing on for 6 months. I'll be looking to refinance my rehab money back out of the property around that 6 month mark post rehab and finding renters. Are there lenders out there in the multi family space that will finance me out of the owner financing with a low seasoning period like this? Or will I have to get some sort of bridge loan to get a years worth of performance out of the deal. I'll be into the property for 190k when the rehab is finished. Gross rents will total in the range of 3500-4000.