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Updated almost 3 years ago,
Cash out refi on my rental property
I am looking for a lender to cash out refi on my rental property. My rental is completely remodeled worth about 475-485k, current hard money loan balance is at 313,500. I have about 50k of my own cash into the deal with acquisition and rehab.
I’d like to get all of my money out of the deal but if I can get a loan for 360-365k that would be great.
Located in Olympia, Washing. A+ location, right across the street from chipotle, mod pizza, Safeway, about 4-5 popular restaurants, 5 min from freeway.
Currently rented for $2600 a month. Looking for a DSCR loan or private money loan or portfolio product.
Offering
Seattle, Washington