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Updated about 16 hours ago,
Income Based / DSCR Refinance Loan - 80%+ LTV
Hello all -
I purchased a triplex in Phoenix back in August using a combination of hard money and seller debt. The property was purchased vacant and has since been leased at 20%+ rent increases (vs. last in-place).
I am looking to refinance the purchase loans into a lower interest rate loan. The property's income is very high, so I'm looking for something DSCR-based at the highest leverage supportable by the cash flow.
Are there any lenders who you can recommend that would be open to a 80% LTV or higher refinance, assuming the income clears the necessary DSCR thresholds?
Looking for
Phoenix, Arizona