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Updated over 5 years ago,

Robin Tenkate's profile image
Robin Tenkate's profile image
Robin Tenkate
  • Member since Jun 13, 2018
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Robin Tenkate's profile image
Robin Tenkate's profile image
Robin Tenkate
  • Member since Jun 13, 2018
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Robin Tenkate
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Creative Real Estate Financing

Cash out Refi question

Robin Tenkate
Posted

Two years ago we bought a 2 unit property that also has garage that rents as an artist studio. After we bought it, we improved the property with cash investment and are now looking to pull cash out.

We got a quote on a loan for 30% LTV at 5.125% with .875 points. That seems extremely high and wanted to get others thoughts and see if anyone has some options.

Rob

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