Need to refi a 4-unit-12/29/16 and purchase a 5-unit-7-10 days

[Sherri D.]

Hello,

The loan maturity date for a property I need to refinance is 12/29/16. It has a calculated value of $163,600 based on the NOI and cap rate. The current loan balance is $110,200. I am searching for a 70% LTV or higher loan. The property is a 4-unit building, 100% occupied and cash flowing very well.

ALSO

I have a property under contract that needs to close in 7-10 days for $105,000, that is 57% LTV. This property is a 5-unit building where I already rented 3 of the units in 20 days. They are set to move in after close. The other 2 units should be rented in short order. I also have $15,000 to put down on this project as well.

If interested please contact me ASAP at [email protected]! I have detailed loan proposals complete with profit & loss and cash flow statements available.

Thank you!!

Sherri Duncanson