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Updated over 6 years ago on . Most recent reply

Benjamin Dutil's profile image
Benjamin Dutil's profile image
Benjamin Dutil
  • Rental Property Investor
  • from Windham, ME
  • Member since Feb 27, 2017
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Benjamin Dutil's profile image
Benjamin Dutil's profile image
Benjamin Dutil
  • Rental Property Investor
  • from Windham, ME
  • Member since Feb 27, 2017
Connect
Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
22
Votes |
60
Posts
Private Lending & Conventional Mortgage Advice

60% LTV seems low for refi on investment property

Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
Posted
I’m currently seeking to cash out refi a triplex I bought with cash. It’s owned by my LLC. I’ve been offered a 60% LTV based on purchase price and rehab costs not an appraisal. Terms at 30 yrs at 8-9% amortized. 60% seems a bit low but it will definitely help to purchase another deal. What are other getting in terms of commercial refinancing?
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Amanda G.'s profile image
Amanda G.'s profile image
Amanda G.
  • Rental Property Investor
  • from Augusta, GA
  • Member since Oct 6, 2017
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Amanda G.'s profile image
Amanda G.'s profile image
Amanda G.
  • Rental Property Investor
  • from Augusta, GA
  • Member since Oct 6, 2017
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
278
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825
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
Replied

Keep shopping. My local bank does 75% on commercial loans. Good luck!

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