Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
![Richard Moreno's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/392323/1621448670-avatar-richardm36.jpg?twic=v1/output=image/crop=2400x2400@0x0/cover=128x128&v=2)
Refinancing on BRRRR property
Hello BP,
I am at the Refinance part of the BRRRR, and I was trying to find a lender that can cash out refi with no seasoning period ( I've only owned it for 2 months ) on an SF investment property I have in Pittsburgh. So long story short I found a lender that I follow on Instagram that uses private lenders for refinance deals and other flip deals etc. They can do 70% ARV with an adjustable rate after 5 years at 8.4% interest rate ! I think that's pretty high! But they base it on my credit and its an investment property.
I think the interest rate is high but its not a deal breaker, the good thing is that there is no seasoning period and they can cash me out in a few weeks. The property is about $90k ARV and I have about $75k in the deal, and we got it rented for $1100 a month.
Any advice ? should I take the 8.4%