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Updated over 2 years ago,
Looking for conventional/market rate loan for four plex in Napa.
Greetings, looking for some suggestions. I'm in between projects and have a property (a four plex) in Napa, CA that doesn't have any leverage against it. Property will likely appraise for about $1.5. I completely rehabbed this property between 2018-2019, since it has been run by a PM and cash flowing positively. Looking to pull some equity fairly soon out of this property to continue another project that I have going on in NC. NOT LOOKING for hard money and the economics simply wouldn't work. Anyone have thoughts on someone that would write a note on this? Thanks in advance, RM