BRRRR Specifics

[Brian Higa]

How do you find the banks for delayed finacing thru Fannie / Freddie?

Spent lots of time on the phone calling but cant seem to get anywhere

Thanks

[Jesse Gonzalez]

@Brian Higa The LLC is not an issue as long as the borrower's have joint or individual ownership of 100%. LLC is fine with fannie and delayed financing. i'm in california and licensed to help you in this state. Did you also know that freddie mac allows cash out refinances on non owner occupied property up to 6 financed properties? I don't know how many other financed property you have, but that may be an option. I have lenders that can do this loan.

For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility Requirements. The borrower(s) may have initially purchased the property as one of the following:

 an LLC or partnership in which the borrower(s) have an individual or joint

ownership of 100%.