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Updated about 2 years ago on . Most recent reply
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Need financing for investment property rehab
I have an 2 family investment property that I owe $118k @ 5% 1 side is vacant in need of rehabilitation about $30k tops and I'm looking for funding....I don't want to do a cash out refi because the rate would be 7%-8% at $150k plus closing costs....is there any lenders that provide 2nd mortgage or rehab loans...or am I missing something....
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Quote from @Gregg Fratto:
I have an 2 family investment property that I owe $118k @ 5% 1 side is vacant in need of rehabilitation about $30k tops and I'm looking for funding....I don't want to do a cash out refi because the rate would be 7%-8% at $150k plus closing costs....is there any lenders that provide 2nd mortgage or rehab loans...or am I missing something....