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Updated almost 9 years ago on . Most recent reply

need to refi multiple properties
I'm looking to find one company that can do a cash-out refi against the equity I've built up in multiple properties in different states through one loan. I came across Dwell finance, BR2, and Fox commercial capital. Does anyone have any experience with these companies, or are there others that you can recommend?
Most Popular Reply

Freddie Mac allows you to cash out refinance on appraised value after 6 months on up to 6 financed properties. Anything beyond that is that personal lenders overlay. Fannie Mae only allows up to 4 financed properties. So if you have greater than 4 you need a lender that can work directly under one guideline or the other, not both or you will be limited to 4 mortgaged properties to cash out refinance.
On an investment property; A SFR if you have #1-6 mortgaged properties, you can pull out up to 75% of the equity and on 2-4 units is up to 70% equity.
- Jerry Padilla
- [email protected]
- 585-204-6923
