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Updated over 3 years ago on . Most recent reply

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Matt Corse
  • Rental Property Investor
  • Ventura, CA
0
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Refinancing 8 SF in Southern GA

Matt Corse
  • Rental Property Investor
  • Ventura, CA
Posted

Looking into options for refinancing 8 SF. Currently they are in a portfolio loan at 4.5% on a 20 year amortization with a 5 year reset. Total LTV of the portfolio is 80-85% depending on comps. I'd like to increase cash flow by having a 25 or 30 year amortization but since the houses are all held in a LLC, commercial lending seems to be the only option I've seen and my current lender only has a 20 year am option. Looking for ideas for anyone that has refinanced properties in GA. Thanks!

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