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Updated over 5 years ago,
Brrr Financing in Los Angeles, ADU as value add
I am searching for BRRR financing in LA. I have a large line of credit and need a refinancing option after the ADU is completed and both the front house and ADU are rented at market rents. With the addition of the ADU properties will have strong cap rates. Using commercial lending models (using rents instead of comps) I am hoping it won't be a problem to get the value to refi out of the property and pay back the line of credit but not sure if thats realistic.
Any suggestions on a refinancing option would be greatly appreciated.