Classifieds
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Looking for 30YR Fixed rental loan product- portfolio refi $2.3M
Looking for lenders/ recommendations for lenders.
I currently own nine rental properties, currently leased (or will be leased in the next month or two). They are held by my LLCs and I'm looking to re-finance them into a 30-year fixed product, with a cash out. They are currently all in a 5/1 ARM product and are located in the Washington DC region; all townhomes. The current DSC is well above 1.2 and I'd like to refi them to get back to an LTV of 75%. Total value of the portfolio is roughly $2.3M. Credit scores 780+ roughly.
Would like to close the re-finance in the 1st quarter of 2022.
I'd also like to see what options there are for fixed rate HELOCs on a primary residence, in a first trust position. If you have that product too.
Any recommendations or interest from lenders would be appreciated. Thank you!!
Liz