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Updated about 5 years ago, 11/12/2019

User Stats

92
Posts
37
Votes
Aaron Brown
  • Rental Property Investor
  • Independence, MO
37
Votes |
92
Posts

Need portfolio lender or investor friendly bank in Kansas City

Aaron Brown
  • Rental Property Investor
  • Independence, MO
Posted

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.

_______

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

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