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Updated almost 9 years ago,
Mortgage lender
I am an investor from Delaware and I am looking to turn a recent flip into a rental, but I need a company to give me a mortgage to refinance my money out. A local bank I work with is willing to approve me for a mortgage worth 70% of an appraisal of the property, but I was thinking that was a little low. My target is an 80% refinance, so does anyone know of a company (local or not) that approves mortgages for around that amount or possibly more? I do not have an LLC set up yet (i am starting the process soon) so it would be a personal mortgage.
Any advice or recommendations are appreciated.