San Francisco Bay Area Refinance on Investment Property

[Steve Graham]

Shout out to SF Bay area folks.  I'm looking to do a refi on my investment property in the SF.  Any recommendations on lenders to talk to.  Several banks have only offered 50% loan to value and I would like to do better.

Thanks.

Steve

[Matthew Nixon]

What term length are you looking for and what LTV do you have in mind? Will the cash out be used for the purchase of another investment property? @Steve Graham

[Linval T.]

@Steve Graham - The timing of your question is right, as I just picked up a flyer from my mailbox for B2R Finance and I will quote it...

"Unlock equity and get cash out of your existing rental property. Refinance with an asset-based loan at up to 75% LTV using the full-appraised value of your rental properties with as few as 90 days of seasoning"

So, you may want to give them a call to see if this fits your requirement.

Good luck and best wishes with your REI activities.

[Charlie Fitzgerald]

I'd be happy to do it...

[Steve Graham]

Sorry I was not 100% clear.  Looking for a 30 year fixed.  I'm at 4.25 now but based on what I have been quoted prob 4.75 is best I can do.  Looking for a credit union or small local bank

[Ryan Landis]

@Steve Graham I am interested to hear what you end up finding and who you go with at what LTV.

[Dan P.]

Fannie Mae will allow up to 70% LTV on a cash-out 2-4 investment property. Shoot me a message if you'd like to chat more.