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Updated 6 months ago,

Tange English's profile image
Tange English's profile image
Tange English
  • Member since Jul 29, 2024
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Tange English's profile image
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Tange English
  • Member since Jul 29, 2024
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Tange English
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Creative Real Estate Financing

Advice on how to finance

Tange English
Posted

We have 4 home and 1 lot in Pensacola, Florida which will appraise at around 750k. We owe about 50k on a SBA loan that matures in 2027. I want to pay that debt off and renovate the houses. Most of the changes will be cosmetic and one needs a more work, so I want to pull about 150 from one of the houses. Someone mentioned the DSCR. What do you think the best way to finance the project?

Pensacola, Florida
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