ARV refi - Suggestions in Omaha

[Ozzie Ozanne]

Does anyone have suggestions for banks to work with doing an ARV refinancing? I've spoken with 15+ banks and actually done deals with 3 of them. Each bank said they would do an ARV refi but then only rolled over the 75/25 on the actual dollars spent on that deal.

Is this a real thing?

I've gotten up to 17 properties and have been selling them off because I grew equity rich and cash broke with my local banks not following through on the ARV refi program.

Any suggestions? Action plans?

[Matt Morgan]

I just refinanced with Cobalt.  I had to get an appraisal done, but they lended out 75% of the appraisal value.  They have a 25 year, 10 fixed  loan structure and appealing rates.  They just get a little pricey on the closing costs and lending fees.