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Updated about 5 years ago, 11/12/2019
Need portfolio lender or investor friendly bank in Kansas City
Good morning BP!
It's been awhile, I've been hard at work investing in Real Estate! I'm more in search of an investor-friendly bank or portfolio lender for my properties in Independence MO. Any advice also appreciated.
Following properties I'm looking to refinance:
Personal Residence- currently 75k loan, 7% interest. Would now appraise for 110-130k. Wanting to pull cash out to fund a down payment for an upcoming multifamily deal.
Fourplex- currently JV partner deal 50/50 and i have a 40k loan 6.25 %interest with balloon in 3 years. Would appraise at approx 110-120k. Gross income $2121
My goal is to refi with possible lower interest rate and pay off my loan and buy out my JV PARTNER.
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Additional properties NOT necessarily needing refi:
Also have four SFR Rentals all together on one private lender note approx 80k left, 6.25% interest, 8 years left on note. Gross income $2695.
Fourplex on 30 year FHA NOTE approx 4%interest. Gross income $1990