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Updated about 6 years ago on . Most recent reply

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49
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12
Votes
Donald Jeune
  • Brooklyn, NY
12
Votes |
49
Posts

Lender to refinance out of Hard Money Loan 80% LTV

Donald Jeune
  • Brooklyn, NY
Posted

My business partners and I are about to acquire a property in Newark, NJ and are currently shopping rates with lenders in order to refinance out of a hard money loan. Does anyone know of any lenders that can refinance as soon as the project is complete for 80% LTV?

Most Popular Reply

User Stats

1,140
Posts
358
Votes
Tarik Turner
  • Lender
  • Hackensack, NJ
358
Votes |
1,140
Posts
Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

you can refi at 80% ltv however Credit has to be strong and rates will be higher than If you went with a 75% ltv option 

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