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Updated about 9 years ago on . Most recent reply

User Stats

53
Posts
11
Votes
Tyler H.
  • Santa Clarita, CA
11
Votes |
53
Posts

Seeking Hard Money 2nd Lien or Refi with SS within 2 years....

Tyler H.
  • Santa Clarita, CA
Posted

I have a client that is seeking a 2nd lien on his rental property so he can purchase additional RE. He is taking the hard money approach because he has a SS on his credit 1.5 years ago which takes him out of conventional Refi's.

Any Hard Money lenders out there that will do 2nds? to 70-75% LTV?

Any Private money or Portfolio lenders that will underwrite a cash out refi to 75% LTV with a SS?

Property: Value $210K / Existing 1st $100K / Seeking $50K cash out

Cash flowing rental with $1750 direct deposited from housing authority....

Any suggestions or recommendations would be appreciated, Thanks!

Looking for

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