Refi out of private money loan

[Justin Lee]

I am currently wrapping up my fix and flip and wanted to look at refi options in Atlanta , GA. What’s the best way to go about it. Also what’s the benefit of refi vs sale

[Jerry Padilla]

@Justin Lee

Jaron,

Had a great explanation.

Did you initially pay cash for the property?

Are you looking to refinance out of hard money with out cash back?

A refinance without cash back has no seasoning requirements. An investment property can get an LTV of 80 - 85% for a SFR and 75% for a MFR.

If you have owned, or will have owned by closing the property for 6 months you can cash out refinance based on appraised value with an LTV of 75% for a SFR and 70% for a MFR.