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Updated about 17 years ago on . Most recent reply

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5
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Matt Kaser
  • Real Estate Investor
  • Ohio
0
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5
Posts

Desperate for some Financing Help!

Matt Kaser
  • Real Estate Investor
  • Ohio
Posted

Little background.
Signed a contract last May on a 3 family in a desirable area in Cincy Ohio. $257k purchase price. Rents are low, brings in about $1900 a month now.

With the lending industry so tight, havent found a signle loan that will work since then. Went the FHA route twice, No doc, Investment. Dead ends every time. Talked to the seller about seller fianced but she isnt thrilled about that and would rather not do it.

Looking at 90% LTV max, 740 Credit score, can do full doc, this would be my 4th property.

Any help?? Prefer to do less the 10% down but not finding anything. Need a interest rate in the 7%s max.

thanks for any help

Matt

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