Cash out refinance on LLC for a SFR in Austin, TX

[Varun C.]

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.  

[Alex Boeger]

Would love to learn more and possibly do a quick quote! Please send me a DM :)

[Jack Mawer]

Hey Varun - I am a lender here in Austin for investment properties - would be happy to discuss your options when it comes to a refinance.

[Mark D.]

Was it a rehab and you are now trying to unclock equity from the new value? Please give more details about the scenario/ 

[Erik Estrada]

Quote from @Varun C.:

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.  

 Hey Varun, 

There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect

[Eliott Elias]

@River Sava can help! 

[Robin Simon]

Quote from @Eliott Elias:

@River Sava can help! 

 For sure - seasoning requirement will only be 3 months which is generally equivalent to no seasoning for any real rehabs

[Jay Hurst]

Quote from @Varun C.:

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.  

 @Varun C.  we do it all the time. 

[Givo Aghasi]

Hi @Varun C. You can use your recent purchase price plus cost of improvement and go up to 75% LTV with a 650 fico and close in LLC.

[Salvador Auciello]

Hi @Varun C.  Like Givo, said how every I have seen 80% of purchase price plus rehab.  

[Tristan Pearrow]

Hi Varun, I do these all the time. No seasoning is not a problem. Let me know if I can help!

[Manju Nat]

Quote from @Erik Estrada:

Quote from @Varun C.:

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.  

 Hey Varun, 

There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect

 Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!

[Jay Hurst]

Quote from @Manju Nat:

Quote from @Erik Estrada:

Quote from @Varun C.:

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.  

 Hey Varun, 

There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect

 Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!

No reason to pay ANY pre-pay penalty even on a DSCR loan.

[Erik Estrada]

Quote from @Manju Nat:

Quote from @Erik Estrada:

Quote from @Varun C.:

Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

Please share if you have worked with any, appreciate the help. Thank You.  

 Hey Varun, 

There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect

 Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!

Shot you a PM