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Updated about 3 years ago on . Most recent reply

User Stats

239
Posts
90
Votes
Elizabeth Nourse
  • Investor
  • Fairfax, VA
90
Votes |
239
Posts

Loan Product Ideas? 2.3M portfolio to re-finance

Elizabeth Nourse
  • Investor
  • Fairfax, VA
Posted

I currently own nine rental properties, currently leased (or will be leased in the next month or two). They are held by my LLCs and I'm looking to re-finance them, but I am curious about what options there are.  My first choice would be to go into a 30-year fixed product, with a cash out, but there might be better/ other solutions.  
The houses are currently all in a 5/1 ARM product and are located in the Washington DC region; all townhomes. The current DSC is well above 1.2 and I'd like to refi them to get back to an LTV of 75%. Total value of the portfolio is roughly $2.3M. Credit scores 780+ roughly.

Any ideas or tips would be appreciated. Thank you!!

Liz

Most Popular Reply

User Stats

68
Posts
34
Votes
Craig Yarnell
  • Lender
34
Votes |
68
Posts
Craig Yarnell
  • Lender
Replied

Hi Elizabeth, with your strong credit scores 75% LTV is achievable with a portfolio c/o refi in the LLC name under a DSCR program of 1.1 Rates are extremely competitive for b2b commercial loans on a 30yr Fixed. Thank you

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