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Updated over 6 years ago,

User Stats

60
Posts
22
Votes
Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
22
Votes |
60
Posts

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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