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Updated about 9 years ago, 11/01/2015

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'

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