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Updated almost 8 years ago on . Most recent reply
Cash flowing fourplex - looking to refinance ASAP, 6-9% interest
I just had a local credit union approve a refinance and pull it a day before closing when someone on the team flagged that I wasn't a local investor. Property was appraised for $80k. Hard money loan pay off of $55k. Looking for a private investor that would be willing to finance at 6-9%, 1-2 points, 15 or 30 year loan with 1-3 year balloon payment (depending on the lenders preference). This is a cash flowing property, fully rented at $2450/mo gross rent. Taxes are $172/mo. Insurance is $210/mo. Professionally property managed.
Anyone interested?
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