Real Estate Agent · Worcester, MA · Member since 2016 · 14 posts · 4 votes
Does anyone in MA (central or eastern) have recommendations for any particular lenders who would give a favorable LTV for a 14-unit cash-out refi? The property has a current value in the $1.3M - $1.5M zone. We have around a $500K balance. Looking for a high LTV on a cash-out. Have done many cash-outs with some smaller 3-unit multis in Worcester, this is the first for a larger complex so I figured I'd put the feelers out there for any positive experiences with similar sized properties.
I’ve refinanced 2 multi families in Worcester with Penfed. Pretty easy to work with, just go to the website & with a little bit of digging you will find this product.
Talk to Kara Doyle at Jeanne D’Arc Credit Union in Lowell. They have some pretty good commercial products especially if they think it could be a long term relationship. PM me with you email address if you want me to make an introduction.
I’ve refinanced 2 multi families in Worcester with Penfed. Pretty easy to work with, just go to the website & with a little bit of digging you will find this product.