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Updated almost 5 years ago on . Most recent reply

User Stats

78
Posts
31
Votes
Ken T.
  • Dallas, TX
31
Votes |
78
Posts

BRRRR I AM FROZEN! Where are the high LTV cash out refi??

Ken T.
  • Dallas, TX
Posted

Hello BP Fam! I need a referral for a cash out refi lender.

Project details:

This Redwood City home was purchased from seller who was facing foreclosure, divorce, bad tenants, and dilapidated house. We negotiated the price down to $1m. We put in $300k to put in 6 bedrooms and 8 baths. Each unit has private bathroom and is renting for $1600-1800 a month. The home is worth about $2.2m!

My challenge is now I am having a difficult time finding a lender who can cash out refi this investment property. Does anyone have experience with a lender who can help me pay back my lenders :P

Looking for

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