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Updated almost 7 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Kevin Pistole
  • Sr Mortgage Consultant
  • scottsdale, az
0
Votes |
3
Posts

Loan Options for Investment Properties, Borrower owns 15

Kevin Pistole
  • Sr Mortgage Consultant
  • scottsdale, az
Posted

Hey Everybody, new to biggerpockets so I apologize in advance if this is a rookie post but hopefully someone can help the situation I've run into. Thanks

A borrower I refinanced 5 out of 15 investment properties for a couple months back wants to refi a different 5 now. He has 15 total financed properties currently which is the main reason he's not able to go conforming. With the previous 5 properties I found an investor program where rates were in the low 5% range based on his criteria. Does anyone out there know of a lender or program that allows his number of properties financed and interest rates for 30 year fixed are in the low 5% range?

Excellent credit, C/O 75% LTV, Investment property, SFR (2 of the 5 are 2-4 units), Full Doc, all properties located in northern CA.

Most Popular Reply

Account Closed
  • Investor
  • Lubbock, TX
11
Votes |
16
Posts
Account Closed
  • Investor
  • Lubbock, TX
Replied

I get 5.75% and own 24, so I disagree saying the money has to be in the 7's with 80% LTV. This is in the Texas market.

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