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Updated about 1 year ago on . Most recent reply

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5
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4
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Jeremy Georghiou
4
Votes |
5
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Looking for multiple loans

Jeremy Georghiou
Posted

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

User Stats

5
Posts
4
Votes
Jeremy Georghiou
4
Votes |
5
Posts
Jeremy Georghiou
Replied
Quote from @Erik Estrada:

Hi Jeremy, 

Is property #1 complete? Or do you need financing to complete it? How many fix and holds/flips have you completed in the last 36 months? 


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.

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