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Updated about 1 year ago on . Most recent reply

Looking for multiple loans
Hi,
I'm a new investor and I'm looking for two different loans:
1. I need a cash out refi for a home I'm rehabbing with 3 months or less seasoning. Ideally the lender is willing to do 75-80% of ARV and include rental income as part of the valuation. PP $115K, adding $35k in rehab, and aiming for a $200k+ ARV.
2. I also need funding to purchase turn-key units in the $60-95k range with the ability to close in two weeks or less.
I have great credit and cash reserves and a strong team in STL.
Once done refinancing this current rehab I'll also need some bridge loans.
Most Popular Reply

Property #1 is in progress. I have a bridge loan but looking to refinance when it's done in less than the six months required by the lender. This is my first fix and I plan to hold.