Bank of America refinance properties limitation

[Aviv Berkovitch]

Hi

I just finished a call with a Bank of America loan representative, and he told me that since I own more than 5 properties, I can't refinance them.. any of them. "this is the guidelines of the bank"

I purchased all the properties with cash, and I don't have any loans or mortgages.. can someone encounter in the same situation?

Thanks

[Russell Brazil]

BoA has some of the most ridiculous loan overlays. Use a good lender and not the s*it show that BoA is.