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Updated 11 months ago on . Most recent reply

User Stats

7
Posts
3
Votes

Cash out for rehab on multifamily condo

Christine Barker
Posted

Hi All, 

I'm looking for recommendations for lenders who can do a quick turnaround with no/little early payoff penalty so I can get my contractor on the rehab asap! I would like to get a cash out fix&flip loan on my triplex. I own the multifamily condo building outright. I'm in New Hampshire.

My net worth is pretty good because I own this and another STR condo outright but I'm low on cash flow due to prior rehab and just coming out of the slow season. I'd pay the loan payments with the proceeds if my STR cash flow isn't enough to cover it but just until I can sell each of the units next year.

Thanks for reading my post and any recommendations who you've had good luck with! Christine

Most Popular Reply

User Stats

88
Posts
47
Votes
Tyler Warrick
  • Lender
  • Chandler, AZ
47
Votes |
88
Posts
Tyler Warrick
  • Lender
  • Chandler, AZ
Replied

This should be a relatively easy and straight forward loan, @Christine Barker. I'm late to the game, but have heard great things about @Jacob Sherman. You'd be in good hands with him. 

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