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Updated almost 5 years ago,

Allan C.'s profile image
Allan C.'s profile image
Allan C.
  • Rental Property Investor
  • Member since Dec 25, 2018
Connect

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Allan C.'s profile image
Allan C.'s profile image
Allan C.
  • Rental Property Investor
  • Member since Dec 25, 2018
Connect
Allan C.
  • Rental Property Investor
577
Votes |
586
Posts
Creative Real Estate Financing

Cash out refi conditions on portfolio loan

Allan C.
  • Rental Property Investor
Posted

Has anyone else experienced banks placing conditions on fund draws approved for cash out refi on a portfolio loan?

Specifically, we have a bank requesting that we show executed purchase contract before being allowed to draw funds. This is a non-starter for us, but before negotiating harder or walking from this lender, I’d like to get a pulse from others.

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