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Updated over 5 years ago,
Multifamily refinance question
Hello BP-
I want to ask the seasoned MF investors about refi. If I buy an undervalued MF with a strong 12+ cap rate. How soon can I refinance with another lender to cash out and do it again? What info/docs are the lenders looking for (rent rolls/bank statements/ tax returns)? What numbers/specs are the lenders looking for to valuate the property for refinance. Any feedback is much appreciated!