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Updated over 4 years ago on . Most recent reply

Chad Kastel's profile image
Chad Kastel's profile image
Chad Kastel
  • Rental Property Investor
  • from NY
  • Member since Oct 29, 2018
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126
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42
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Chad Kastel's profile image
Chad Kastel's profile image
Chad Kastel
  • Rental Property Investor
  • from NY
  • Member since Oct 29, 2018
Connect
Chad Kastel
  • Rental Property Investor
  • NY
42
Votes |
126
Posts
Private Lending & Conventional Mortgage Advice

Help with Refi in NY state

Chad Kastel
  • Rental Property Investor
  • NY
Posted

I've just purchase a duplex in the state of NY with an ARV of $100,000. It has been purchased in cash

I'm long term renting to section 8 tenants only.

I'm looking for lenders who have no seasoning period, will offer 25+ year terms. And will loan based on the rental income from section 8.

Does that exist?

Curently I've found lender than will loan for 20 year loans, 3.5% interest but reset based on prime numbers every 5 year.  They  have no seasoning period.

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