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Updated 4 months ago, 08/13/2024
Seeking lender for refi loan on multi-unit property
My company purchased an 11-unit multi in January. We were able to increase rents by 40%+ and have signed lease agreements in place with full occupancy. We would now like to refinance the unit based on Income valuation methodology. We seek to use excess proceeds from refi as down payment to purchase another smaller size multi property. I am seeking suggestions for lender(s) that would be willing to lend to our LLC with limited cure period requirement (6 months or less) using Income valuation approach with no / limited additional criteria. Thank you.