Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 5 years ago on . Most recent reply

Account Closed
  • Flipper/Rehabber
  • Los Angeles, CA
37
Votes |
128
Posts

Cash Out Refinance With No Seasoning In Northwest Indiana?

Account Closed
  • Flipper/Rehabber
  • Los Angeles, CA
Posted

I have a property Im currently flipping in Crown Point, IN that I would like to refi rather then sell on the retail market. I just wanted to reach out here and see if anyone knows of any banks in Northwest Indiana that could help me with this kind of thing.

Here are the criteria that I need:

  • No seasoning period
  • Based off of Appraisal, Not purchase price
  • Qualifying based on the asset, not on w2 (I have no w-2, and about a 650 credit score)

The property would appraise for $220,000+ and there is currently a $115,000 first position on it that I would like to get paid off, and put the remaining cash in my pocket. Ideally I would like to pull out 90% LTV but am willing to settle as low as 70% LTV If I really really needed to.

If you know of anyone or any local credit unions, banks, or portfolio lenders that could help with this please let me know!

Thanks!

Most Popular Reply

User Stats

568
Posts
331
Votes
Michinori Kaneko
  • Rental Property Investor
  • New York
331
Votes |
568
Posts
Michinori Kaneko
  • Rental Property Investor
  • New York
Replied

@Account Closed i know this post is from 2 years ago, but did you find any? I'm looking for one in fort wayne/huntington area.  Thank you.

Loading replies...