Financing Rentals- New Jersey

[Terry Brennan]

Hello BP! I am looking for a good lender to finance rental properties. I can purchase good rentals in my area for 60k-75k but my lender I use for flips will not finance anything under 100K. I have great credit but most lenders see most of my current rentals just as debt due not owning them for over 2 years.  So this makes my debt to income "non lendable". I also purcahsed 4 units so far this year cash that I would like to do a cash out refinance. They all have leases and good tenants  in place. Are there any good lenders in South/Central Jersey that finance/refinance rental properties?

[Joseph Scorese]

Hi @TerryBrennan,

Welcome to BP!

Some Questions you need to think about;

Potential Cross Collaterlization of some of the assets to equal over $100K loan amount.

Work with Portfolio Lenders that will look at Global DSR based on Lease in place and cashflowing

Let me know if you have any questions.

Regards, Joe Scorese