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Updated about 6 years ago,
Refinancing properties in the $40k-$60k range
Hi, I am looking to rehab multiple single family properties in Kansas City, MO. I will be using a hard money loan and once the property is rehabbed and tenanted, will refi with long term financing. While there are plenty of hard money lenders to fund the purchase and rehab, I am not finding many lenders who will refi in the $40k-$60k ARV range. Most lenders have a minimum threshold of $75k property value. Any suggestions who may be able to help in this regard?
Thanks,
Kushal