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Updated about 3 years ago,
Loan Product Ideas? 2.3M portfolio to re-finance
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