Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

Account Closed
  • Lender
  • Anchorage, AK & USA
16
Votes |
57
Posts

10 Units Purchased w/cash--43% LTV Portfolio Refi Out Options?

Account Closed
  • Lender
  • Anchorage, AK & USA
Posted

I am curious to hear from portfolio lenders on what my options are in the below scenario:

--10 Single Family homes

--Package ARV 500K (50K per house)

--43% LTV

--Paid cash nothing owed.

--All renovated/performing properties with tenants and leases.

Question, will a portfolio lender cash out refi something like this @ 70% LTV? If so or not what are the terms?

Summary:  Looking for a option to pull my cash out and have a note.  Properties would still cash flow very well after note and all mx, vac, ins/tax expenses.

Thanks in advance for any knowledge in this area.

V/r,

Desiree'

Loading replies...